blogger is a very good platform for adsense, affiliate marketing but there is a great problem that you have to be careful every time. Google is very strict in all kind of abuses. so if oyu think that you can work and paste unique content then it will be just great. so of course yo can go ahead with blogger.
Blogger is good except that they delete blogs if they see only posts with Amazon links. So if you use blogger make sure take a backup after every post. Also It's better if use your own domain name. So that way even if they delete your blog you can restore it in Wordpress blog without loosing traffic and income.
Blogger and free blogging sites are a great way to START but for long term and better results, always buy your domain and make your owe website with unique content. Your site in your control. Also, if the content is "timeless" then there is no need for updates everyday, week, month, or year. The content will never change and always be the same, build around that.
Start with blogger as it 100% seo friendly (ie:you only need to concentrate on meta tags and keywords) and add a custom domain when it gets a good traffic. This is the way i am dealing with. Now i am busy with my new auto blog and my next blog topics are about 'success with blogger' and 'Let blogging be your mainstream income'. Stay tuned.......
I have written a blog on successful blogging. You may follow my blog if you want to learn a webmaster's years of experience for successful blogging.
When signing into blogger you are accepting their terms and conditions. If you are withstanding with those terms then no problem at all.