Good luck with your plan. The numbers look ok (barely). But I'd be careful about assuming home game success means you can beat the micros. You also said you'd played a "decent" amount online. Play chips? I ask because you say you are "finally" planning on depositing. Play chips and home games are very different from a nickle/dime online game.

As to whether SNG or ring is more profitable, it depends on the player. I started in ring. I still play ring occasionally, but I find it boring and slow. 90%+ of my poker time is spent in SNG. 5% in MTT and the rest in ring. I do this because I can win virtually at will in SNG at my level. My main trouble is finding enough time to play. I have to grind away at Ring. It's no fun for me.

I also think your BR is too low. I'd suggest a minimum of 200 bucks before trying the 5.50. 250 would be better.

The biggest jump i've made was when I moved from 2.20 to 5.50. From $5 games to $20 games I haven't found a whole lot of diff. Mainly instead of you being the only one paying attention at $2, there will be a couple other people at $5 and 3 or so at 10 0r 20.

Good luck and keep us posted