Thanks guys for the welcome, I took everybody's advice and took her out shooting today with a buddy of mine before doing any changes. Here's a quick AAR.
The good: I was pleasantly surprised at how manageable the recoil was. I picked up a PA-63 from the same fun store (he's gonna put me in a world of hurt ;D) and it was a lot worse for felt recoil then the P-64. I shot a mix of Hornady, wolf, and some German manufacture ammo and it ate it all with out any problems. I still haven't put enough rounds through it to determine if it's reliable enough to carry, but we were pressed for time. The accuracy was great for such a small barrel and I was getting decent center mass groupings at under 20 meters. Definitely good enough for a defensive weapon.
The bad: The trigger in double action was crappy, but it wasn't that big of a shock as I have read that here. Next week I am planning on changing out the hammer spring and go from there. I wasn't overly impressed with the factory sights but they did their job well enough overall. It just seemed to take a smidge longer to align. The slide did bite me once (thank goodness for gloves), but it was the last mag of the day and I was shooting it in double action, so I'm sure that my thumb changed position.
Over all I am really impressed with this weapon as it seems to be a fun little shooter. Once I get enough ammo down range then I can't wait to start carrying it. Now to start getting the accessories!
Carguy: FNG is an old Army term that means "Fricken New Guy". It's usually uttered when a new troop does something dumb, which I'm sure I will, lol!
electross: The MCS website has already been added to my favorites, so hopefully the bank won't be to mad at me. ;D