Why don't you get a two speed pump or an intelliflow which has 4 speeds. It will save you a lot of money on your electric bill Check with your electric service company see if there are any rebates.

Haven't discussed much on the pump. Educate me here a bit...I thought multiple speed pumps were primarily for spa or spa/pool combinations?

The multispeed pump actually is more efficient at low speeds even than low hp pumps. You definately don't need all that hp for a pool only. My experience is run the pool longer you get skimming action and if you have a salt chlorine generator your producing chlorine using a lot less KW. Most complaints on swg is not producing enough chlorine during summer so you don't want to run a 2hp and run it for 4 hrs when you can run a 1/2hp for 10 hrs and spend less money and get more benifits. Go on Pentairpool.com and use their energy calculator.

Here is a link that might be useful: pentair energy calculator

Thanks expert... what you say makes some sense. By the way,I did not specify earlier, but I am not running salt.. will have a in-line chlorinator.
Yes, from charts I have seen, my plumbing and pump arrangement will "turn" our pool very quickly. Makes sense that it might be a better situation if you could run a pump longer for the same overall power usage.