I have a very favorable impression of First Choice and that's now my... well... my first choice when I'm looking to buy a new piece of equipment. I've often described them as Landpride or better quality at closer to a King Kutter price and still believe that to be accurate.
As to warranty, I am usually more concerned with the integrity of the people with whom I'm dealing than the number of pages of "whereas'es" and "heretofor's" any written agreement offers. I've been impressed with Pieter at First Choice and have no qualms about dealing with him. I feel I can be comfortable with First Choice based on his word and nothing more.
As to whether or not they'll be in business in a year or two, while no one can say for sure, I sure believe they will. They build a quality product, sell it at a very, very competative price and stand behind it. If they're maintaining profitability, which I would think they are, they should be around for a long time.
To answer your question directly, while I can't tell you what you should do with your money, I would go with the FC product and put the extra cash in my pocket. I think you'll have at least as good a mower if not better than the LP and, besides, you can get it to match your tractor. /w3tcompact/icons/wink.gif/w3tcompact/icons/smile.gif/w3tcompact/icons/grin.gif
Good luck with whatever you decide. I hope this helps. /w3tcompact/icons/smile.gif