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Get the WHS. It would be more useful and able to expand down the road.
The Acer you mentioned is basically a little PC rocking on 2GB of ram. You could stream your entire library around the house and run torrent just fine.
Raid1 is recommended only if these files are critical. But for that specific reason, I would setup a dropbox or some remote sync'd storage. (For dropbox, 2GB is available for free)
What I have is the Acer H340 you mentioned with 2 1TB in it. I would say it's worth it and the Windows Server that came with it is awesome! So many stuff you can do with this lil box.
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Nothing for now
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