JR, the upgrade to the 1050 will be well worth it. You will not regret it. I auditioned the Onkyo when i first began looking for a receiver. What I have found it the Outlaw was more than I found in the Onkyo.
Don't fall for the power ratings like so many do. Take Panasonic, they claim on some of their models that they have 110 x 6 watts per channel. Yeah, and it is also full of distortion.
The 1050 will give you ample power. Go Outlaw all the way.