Axehind,
My experience is that it doesn't matter what it costs, as long as it shoots well for you. High price does not always ensure high quality. I have never bought a new bow. All mine are either hand-me-downs from my Dad and uncle, or used ones I have bought or traded for.
Besides the bows that I enjoy making myself, I have a Howatt Hunter recurve that I shoot the most often. With a 525 grain arrow (and a REALLY clean release) I can get speeds between 205 and 210. During the summers our local bow shop has an indoor video hunt tournament leauge that I shoot in with my buddies. On each shot it gives you the arrow speed. Now, this is a fairly light arrow, but I think that is pretty fast for a recurve bow regardless of price. The bow is 55# @ 28" and I have a 31" draw.
I say all this just to make the point that, I bought this bow used for $200.00 (and the guy through in a new fastflight string, a Selway moose rawhide slide on quiver and a nice bowsock). You can find good bows inexpensivly everywhere. Bowshops, garage sales, pawn shops. Get a little reading and study under your belt so you know what to look for, and hunt out those bargins.
I attend Oklahoma's selfbow jamboree in March. I kept looking at this grungy old bow with a crappy curtian pull string and rotted spinnerbait skirts for silencers. I kept going back to it, and finally picked it up. It was a mess. The finish was bubbled and scratched and the handle was wound on electrical tape. The limbs looked like they had been painted with house paint. I asked the guy what he wanted for it. I think I got it for 30 or 40 bucks. I sanded it off and cleaned it up based on a lot of the advise from guys on this website. It is now a beautiful little 40# bow my girlfriend shoots, and turkey hunted with this spring (turned out to be a Shakespear Wonderbow). 40 bucks and some time and effort.
I think the hunt for a great bow at a price I can afford is just as much fun as hunting the game i shoot with them when i find them. Prowl the flea markets and pawn shops. Check out online resources for the going rate to get an idea of market price.
What it really comes down to is what you get the most enjoyment out of. If ya want a super fast space age material bow, save your pennies and get yourself one. If your wanting to spend less, figure out what is important to you and hunt it down. This is yet another situation where the journy can be as fun, as the final destination.
OkKeith