If you are going to pursue honours I would be cautious and highly vigilant. Ensure that you're project is feasible, whilst Honours class 1 (H1) can be achieved even with an unsuccessful study, you will have to be exceptional in terms of your delivery of findings. Certain Uni's and GPA calculation methods align H1 =7, H2a = 6 ect. I consider it to be quite risky. Perhaps further course work may be of lower risk in the face of uncertain research, especially if you are new to the realm of scientific research.