That sounds similar to Bioinformatics dbs that other places have built.
One of the groups in college used postgresql for the bioinformatics db project.. but again that was a college project hehe
You could possibly do a search on the web for "
bioinformatics database" and contact some of the institutions that have worked with this before specifically and get an idea maybe of the issues they had or things you may run into.
I guess the biggest worry would be search speed. There are tools you can add to search through long text strings better for some dbs. I am not sure what your needs are specifically, but some of the other places may have run iinto that.
You could probably talk to the Lyle Ungar at Penn
http://www.pcbi.upenn.edu/
hopefully this is somewhat helpful :P maybe not! good luck!