I have a Diamond Outlaw and it is a great bow but it does have one issue, the Throttle Cam. It is such an aggressive cam that it has a horrific draw cycle. There is a
huge Peak just before the cam kicks over, but with a 80% let off once it kicks over you can hold the draw for days. It does offer the speed that Bowtech/Diamond claim, which is insane for a single cam bow.
The Throttle Cam is an amazing piece of technology but I'm afraid with this being your first venture into archery that it may put a bad taste in your mouth.
Look at the Bowtech Assassin. It is the same bow but with Binary cams rather then the Throttle cam. The Binary cams offer a significantly smoother draw cycle and a little more speed.
I'd suggest buying a bare bow and buying the accessories separate. The R.A.K. accessories are OK and they get the job done, but better stuff is available.
Find a proshop and shoot as many bows as you can before you buy anything. Find a bow that fits you and feels right. When you find the right bow you will know, it will just feel right, completely natural.
Also, are you sure you want a bow that short?
With all that said, the Outlaw is a great bow, especially for the price. I don't have any experience with Bear, but I hear they make a good bow too.
The Outlaw will make a mediocre archer(me) look like a good archer.
14 shots at 50 yards.
-Jester