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Lifeisabeach

 
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Member Since: Sep 30, 2007
Location: Wilmington, NC
Posts: 6,933
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Mac Specs: iMac i3 (mid-2010) + OS 10.9; TV 3; iPhone 5S; iPad 4

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The i7 is likely overkill for your needs. It's useful chiefly for high-end 3-D applications, high-end gaming, and professional video editing. Here's an article that elaborates more on it:
Apple Mac i5 vs i7 processor buying advice: which is the best CPU for an iMac or MacBook - Features - Macworld UK

I would recommend simplifying your life by getting an external RAID box. You should also keep an off-line and off-site backup of that, in case of fire or power surge. That is a LOT of data to risk losing.

Internally, go with a Fusion drive. You probably need something bigger than 1TB.
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