i don't think so, not sure the pump would even be usuable for 120 psi.

my recs for those parts are:

1) tail light - cateye tl dl 1100.
2) pump - planet bike roadie frame pump or planet bike mini versair dual action pump
3) crank brother's multi tool 17 or 19.
4) seat bag - eh, whatever's on sale.

i'm a gear geek, and these are the things i'm very happy with after years of trying out different stuff. it will be more expensive than that kit, but worth it in the long run.