[AlanBostick]

What it comes down to is what kind of home game is this going to be?

I grew up with the structure of nickel-dime-quarter spread-limit stud where the dealer antes a quarter for the table and the high card has first action (check or bet) on third street. These games were fun games, lots of loose play, drinking and conversation, the gang getting together for a good time.

If that's the sort of game you and your friend are putting together, then I would see a strong argument for going with what you and your buddies are used to.

If on the other hand your game is intended to be "serious" poker, then go with a serious poker structure: something like a nickel ante for each player, low card brings it in for a dime, and betting limits of $.25 on third and fourth street and $0.50 on the later streets. (Scale these to the size of the stakes you want to play.)

Both the "serious" game and the "game for buddies" are legitimate games, and you can get a lot out of either of them. Just be clear in your own mind what sort of game you are hosting.