Fulls, over the weekend and either INCR or DIFF during the week shoud be fine.
With INCR, in case of Disaster Revcovery, you would need to restore the last full and each INCR sequentially. With DIFFS, you would need the last full and the last DIFF. Less time at recovery, but more time during the daily backups.
As to whether to stack all your INCR or DIFF jobs on one tape. It may sound tempting, but when (not if) a tape fails, then you can only go back to the last full,
IF you get a second tape drive similar tape drive, and put both in a CASCADED drive pool, your weekly job will start on one and roll over to the other when the first tape fills up.