Yep – what mamadirt asked, how tall are you?
I'm 5'3" (and a half!) and have just sold my 14" inbred – I would love to keep it, but I can't justify 3 bikes and promised I'd never sell my ti hardtail. I can't imagine not getting another at somepoint though. I've only ever run them ss – and they're great fun! If I were you I'd buy it and build it up ss – it'll be a lot more fun than you expect and probably sharpen up your riding a fair bit too.
I have more of the 'normal' woman's pyhsic of longer legs and shorter torso, so ran it with the 14" 65mm stem (my husband's got a 16" and feels far too long for me – but I do like chuckable hardtails). It worked excellently with wide bars and a 110mm fork. Really fun and because you have so much standover they're really chuckable – great in twisty singletrack and jump really well too. In fact, I loved mine so much I rode it around Whytes Level and other trails a number of times in favour of my geared ti hardtail (don't tell it though!)
Whatever you'd decide, I think steel hardtails tend to be a lot of fun and for £125 – you can't go far wrong really…