I have to chime in again--some of the things listed--custom made, pick your woods, etc. are options on some bows that cost $300 and less--and IMO there are some that will hold their own against any as far as fit, finish, performance, smooth draw, etc. Not many, but there are some.
As far as holding/shooting one and telling the difference, well......like I said earlier, I've shot some very expensive bows that (to me) weren't worth $5 for my use, and some cheap ones that shot as good as anything.
For the most part, it boils down to one thing--is it worth it to YOU. If you are just getting started, I'd say probably not, because you haven't shot enough to know yet just what you like, what you need, etc. "THE" bow for you might well be one that costs $800+, or the best shooting bow for you might be one you find at a yard sale for $25.
Chad