Hi Marvie, I definitely don't have an answer to your question (I'm even newer than you are), but I'm hoping someone with some sage eBay wisdom will answer because I'd like to know too!
unless you have been selling for a long time and have a popular style or large following, I'd say go with bidding for a start. BIN costs more and its sortof a waste for the low prices ACEO's mostly sell for. You can do both also...a low starting bid and a BIN to see how that goes...the only way to tell is to send out some feelers to see which works best for you. Try a couple with just bids and try some with bids & BIN. Either way, if it's not hugely popular or seasonal like a christmas or hanukkah image, then a BIN in my opinion is not necessary.