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Calibre with any Kobo is all you need. I use Calibre to convert to smart punctuation, indent instead of extra space at paragraph start etc, so I actually download Kindle + images version from Gutenberg. I might have to delete line heights or Left Justified with the Calibre editor at times.
You don't need dropbox.
I never need to charge my Libra (original) as I leave it connected a while when transferring via USB from Calibre. I never turn on WiFi, which extends battery life.
I do a lot of proof reading, then editing, as well as reading for pleasure, so use Kobo Utilities to read back annotations. I might use the ereader 1 to 12 hours a day, every day.
I've had two older Kobos (Still have Original H2O) and have Sony PRS350, 3x Kindle models (and used others), Boyue Likebook Mars (mostly for library books and some PDFs) and a Kobo Elipsa (used mainly as ewriter, but also some PDFs).
All most all my ebook reading and annotation is on the Libra.
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