Here is what I use and it does quite well. If your looking for the cheapest setup its not for you but if you want great performance I think this is well worth the extra cash especially if you want a screen and not goggles.
Lots of places stock this DJI setup and it outdoes pretty much most 5.8 setups that arent using specific long range diversity antennas which may be a future upgrade. They would get crazy range with this tx as it can easily fly be used within the useable range of a phantom. Cant do deep penetration but does ok for 5.8 and much better then some that drop video behind a couple branches or low to the ground.
http://www.helipal.com/dji-avl58-fpv-sy ... tenna.html
Screen was only at goodluckbuy, quite a bit more then most screens but it comes with hood, radio mount and great screen for FPV that goes full static. Hard to find anything better in this size for FPV I think and I tried. My first few screens were a waste of money as it made daylight flying quite sketchy unless i pretty much used the screen as goggles fully shielding the sun. Also the others didnt go full static like this screen but went blue but at very poor signal so not terrible but this is much safer.
http://www.skylarkfpv.com/en/product.php?id=41
http://www.goodluckbuy.com/sunview-7-0- ... ystem.html
Just upgraded my radio to a Futaba 8FGs but havent flown it yet, the FPV setup easily does better then the stock radio range wise and this has got me in trouble and lost radio the other day causing a crash i luckily got away with just a set of broken props.
I tend to push the phantom a bit and here is a bit of a stress test of the setup, this is stock radio to 700m and I was behind trees that you can see at the back of the course most of the time. The video was breaking up a little at times here but still quite useable and the radio had a couple odd glitches. With direct LOS at this range video is crystal clear and I can see pretty well on the screen letting me push quite hard.
[youtube]http://www.youtube.com/watch?v=cBKTYLcctZ4[/youtube]
Getting a bit deeper in the trees here.
[youtube]http://www.youtube.com/watch?v=924q5Irfyn8[/youtube]
Here is one in better light.
[youtube]http://www.youtube.com/watch?v=FQHY5zXXk5E[/youtube]
Have a good look at the options but this gear I would easily buy all again if I wrecked it and wasnt going to go for lower frequency gear video tx rx for deeper penetration. Screen wise I havent seen a better one yet and dont see much more I would need out of a FPV screen.