Yes that press will work. I have used a Lee 4-Hole (same thing just 1 more hole) for several years and works great.
As for dies, since you are just starting out I would recommend the Lee Deluxe Die set. It is a 3 die set that comes with a FL sizing die, a Lee Collet die (for sizing necks only), and the Lee "Dead Length" Seating die. I use these on my 308 and have made some darn good ammo with them. Just run your brass through the Lee Collet Die (LCD) and then seat bullet with the Dead Length Seater (DLS). You do not lube the brass when using the LCD which saves time and mess, the LCD compresses the brass to a mandral rather than drawing over it which seems to extend brass life. The DLS has no provision for crimping the bullet (which for a bolt gun is unnecessary and sometimes detrimental) which speeds up die setup time and I think makes it more repeatable than the standard Lee seating dies.
You can always upgrade to better dies later if you feel the need, but I think you will be really impressed with the quality of ammo you will make with the Deluxe Die Set especially for their cost.
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