Personally, I would talk with the shop owner. You will need his help getting setup, tuned etc and other stuff over the next couple years. If he is a Hoyt dealer, he can get any Hoyt bow and probably any reflex bow (part of Hoyt, less expensive, but very good bows).

Explain to him you want to work with him, but that is more money than you want to spend, is there a way he can order you a bow that fits your needs, if not go mail order/internet. Shop owners make thier living on this and we loose decent shops every year. Try to work with him, to a reasonable point, if he can't help you he can't, but at least he should be more understanding when you come in for setup help with a bow you got somewhere else.

--Bob