Character Points, why?
I'm not keen on the idea that the starting level of your character is determined by some lucky dice rolls. This isn't going to stop cheating, but at least everyone starts off at the same point.
"Power Level"
Personally, I like characters to start of fairly average and work their way up. I don't think you should start off the best, nor have all the best kit. If you do, you've nothing to aim for. Of course, this is just my personal opinion, it's by no means "correct". If you want to play a more "suped up" game, fine by me!
Default Level
The default power level, if you will, is 120 points for stats; 40 points for career skills and another 40 for background skills. A player can increase these by taking flaws, or spend CP on edges.
I've put a limit on stats at 120 to stop stat monsters. These are characters with high stats and low skills. However, their high stats make up for having low skills, often making them good at everything!
If you want to increase the power of your starting characters, merely increase the amount of points they start with!
Personally, I'd recommend increasing background skills, as it gives the most freedom to the starting character.
Important Bit!
Remember, if you don't like something in here..... rewrite it!!