Do you mean the AGDVC-60 by Panasonic? I am not familar with a JVC camera by that name.
If you do mean the Panasonic camera you should know that it is not that "big" of a camera weighing in under 6 pounds. I would also suggest looking at reviews of the camera. The DVC-60 is much like the DVC-15 (discontinued) or the DVC-7 (single chipper) in that low light performance may be an issue for you.
That may be true, but from a pratical standpoint the DVC-60 is not well suited for low light conditions. It would not be my camera of choice for covering events such as a wedding reception. I have a DVC-15 (which was replaced by the DVC-60). Both cameras are 4 lux cameras. It requires way more light than my DVX-100. For the amount of money you are talking about you could get a vx-2100 which is much better suited to covering receptions.