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What are your primary writing style(s)? Depending on what you wish to accomplish, library suggestions would differ.
The SE packages are a good starting point. Even after you start purchasing full libraries, you could still use SE for secondary instruments. Nonetheless, the full packages are better, and the additional articulations are of great use. If you do go the SE route, consider getting all four of the SE libraries. One advantage of SE is that it requires less computer power and memory to run. All four of the SE libraries will fit within 8 gigs of ram.
In general, if buying full DVD libraries or downloads, plan on getting both the standard and extended portions of the libraries you decide to purchase.
Yes, you can purchase the Standard Libraries first and add the Extended Libraries anytime later on (you are right, all data is installed right away).
These demo licenses work for 30 days/30 starts. Once the 30 starts are used up, you can recharge them as often as you like by clicking "Maintenance" in the eLicenser Control Center (within 30 days).