orindabiker wrote above:
[[ I would like to upgrade to a 1TB SSD drive, but have some questions:]]
...
[[ Is putting around $800 in this machine worth it? ]]
In my opinion, ABSOLUTELY NOT.
The iMac you have is now 6 years old.
If you've got $800 to spend, put that towards a NEW iMac (or an Apple-refurbished model).
If you WOULD like to improve its performance without spending too much money, I'd suggest getting an SSD in the 240gb range ($100), and putting that into a firewire800 enclosure (about $50). Put a copy of the OS on it, your apps and accounts (but keep large aggregations of movies, music and pictures on the internal HDD).
No, it WON'T be as fast as having an SSD mounted internally. But it will keep you going a couple more years for a minimum expenditure.