Yeah, that sounds quite beefy. As long as it's not copper clad aluminum, which may cause some problems (~half current density, making connections). But even that's not so bad, for what you're doing, really.
Rectifiers suddenly rise in price at 50A. Amazingly, 50A just barely fits inside a regular 10-35A size bridge module, very cheap. After that is just industrial modules, starting at maybe $30 or so, and kind of just going up and up (no, you don't get much of what you pay for, in this case). So, the $68 part is probably okay, can probably find something cheaper and still good enough, definitely no need to gouge yourself on the $160 part...
You don't actually need a filter cap (which will need to be quite large indeed to do its job), if you don't mind pulsating output. However, note that you must keep gate drive powered up at all times. Use a separate 12V supply, find the bias resistors and hack them to a separate supply.
Tim