Should I use the priority application deadline?

I am currently a junior in high school who plans on organizing most of my materials this summer. My first choice is UT Knox, and I was wondering if I have a better chance of getting admitted and more finantial aid if i met the november 1st deadline?

Directly from the site:

» November 1 is the Priority Application Deadline for freshman applicants who desire early notification of their admission status.

By mid-January, UT will offer admission to students in this group meeting the criteria established for the class, with the remainder being reconsidered for admission in the February 1 applicant pool.

Priority Application does not require an early commitment from the applicant.

» November 1 is also:
» The deadline for competitive scholarship application for freshman applicants,
» The application deadline for spring 2008, and
» The priority application deadline for the Chancellor’s Honors Program.

» February 1 is the regular application deadline for all freshman students applying for summer and fall 2008.

» March 1 is the filing deadline for the Free Application for Federal Student Aid (FAFSA). You may file online at www.fafsa.ed.gov. UT’s code number is 003530.

» May 1 is the reply and enrollment deposit due date for all admitted first-time freshmen to respond to offers of admission. If you have not confirmed and paid by this date, your offer of admission will be cancelled.

Admission- 65%
University of Tennessee