I don't own one but I have played one a few times in some local stores. I was very impressed. In my opinion much better sound and quality than the Fenders, Washburns and Epiphones in the same price range.
Thanks for the advice. I was planning on calling Ross Nickerson since I have only heard great things about him and his service. It will probably be after Christmas since I need to let all of the Holiday spending recuperate! I figure the BG-150F is pretty good for the money. I've been teaching myself on an open back and am excited to get a real bluegrass sounding banjo, even if it doesn't have a true tone ring. I will say the wife and kids are not quite as excited as I am!
Gold Tone makes upgrades and parts available, that banjo is an adult, adjustable, competitive import, great choice. There IS a limit to the sound it will make, but it's VERY hard to hear, the neck is good quality and will let you learn.