I obviously vote for IDP. On the other side of the ball, I say keep it simple with DB's suggestions with, I hope, an additional spot for that all-important kicker. As for letting rookies develop, that's what an ample number of bench positions is for, though I would be open to 1 flex position, but not at the loss of a TE spot.
As for the name, with DB and Ripcord, perhaps we should be "The Airborne Cafe League". Or maybe something to do with parachutes.
Or something, you know, not lame.