It might be a great school, but trust me for the reasons Seeker pointed out (friends for tea) you will regret choosing one far away. Your child's social development is just as important as having a great education.
I chose a school closest to the house we would be moving to, which with dd1 and dd2 in tow for the first year until we moved took 35 mins to walk to and back from.
Dd1 hated school. Her friends would all call into each others houses for an hours play before dinner. She could rarely go, as by the time I had got home it was time to collect her. They weren't allowed to go to her house as their parents weren't keen on the children going so far away. Which is understandable considering they didn't know me very well. All of her friends had gone to nursery together.
Dd1 hated this and thus began to hate school. Getting her there on a morning became a mammoth task as she would sit down on the floor howl and refuse to move. Which is not easy to deal with when you have a baby in a buggy.
We were frequently late due to her difficult behaviour and the long walk. The school inclusion officer became my best friend. She personally would drive to where ever dd1 was having a tantrum and pick her up for me.
Things got easier when we moved. Her friends can come to play. She can go to there house more often. She bumps into them in shops/the street etc during holidays. She doesn't feel so pushed out any more and thus enjoys school more.
Dd1 had a lot more going admittedly than just the distance we loved from the school, but it certainly didn't help with things.
She now has a new friend who lives just opposite us and walks to school with us every morning and calls for dd1 to go and play. Getting her to school is much easier now. I rarely see the inclusion officer any more. She is doing much better with her work and is just generally happier.
I'd try and consider a closer school if I was you. Even if they are not as good as far as oftsed is concerned your child will do better if they are happier.