Like msacras said, unless your going softcore stay away from blogger.
But why would you want to start on a freehost if you have your own domains and hosting. Thumbblogger while an ok service doesnt translate to anything you could have on your own. So what you build there...stays there and it's not like having used the TB interface it would make using a true blogging script any easier.
There are a few that are running a multi-user version of WP but I wouldn't know if the database was transferable and not all the available WP plugins will work there.
The amount of storage and BW you would use doing it on your own domain is negligible. Your much better off building something that is your own than building something that feeds someone else.
But thats just my opinion
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