No, No, No, No.
For what you'll pay for the set, you can find a MUCH better quality used saddle that wouldn't have crap leather and will be comfortable for you and your horse.
It's nice to have a pretty saddle, but not at the expense of your horse's comfort.
You could look into a nice saddle pad with a design, that in itself will be more attractive than the saddle.
The headstall and breastcollar are nice, but the same quality as the saddle.
Just look around and see what you can find. Remember, always try used before new!
How about a saddle like this? http://www.horseclicks.com/14_quot_b.../advert/157463
Or this? http://www.horseclicks.com/14_5_quot.../advert/169291
I don't know what seat size you are wanting but just an idea for you.