depends on what you're going for. i personally like to have a fully cycled "grow out" tank, combined with TTM (Tank Transfer Method).
typically what i do is run the fish(es) through TTM, then place them in to the full cycled grow out system for a few more weeks of observation and heavy feeding.
if you're going to skip on TTM then it would probably be easiest to use a fully cycled tank, as it will cut down on the maintenance you will need to do (keeping ammonia in check can be tough work).
i usually keep a few sponges and some extra chunks of rock in the sump of my display. that way, if i need something to quickly cycle a new system, i have options.