Nothing is wrong with the h97 with xeon, it's more powerful than the i5-4690K if you run it at stock or with a slight OC and it has hyperthreading which some games might benefit from in the future, as for now only crysis 3 and another game I can't recall the name of support it.
An IPS monitor would be worth the extra money for me personally, but just because I prefer having a nice image, with good color reproduction, rather than very fast response times and 120Hz. A good IPS panel though, can have decent response times, but you have to do some research, if you can give me your budget and requirements for the monitor, I could help you out.