RE: Do you really need a $700 bow?
My last two bows were what I though was the best at the time they were purchased:
1) 1992 PSE Carroll Intruder - $299.99, rigged out about $500. I used it until 2004 (12 yrs - $41 per year)
2) 2004 Bowtech Extreme VFT - $525, rigged out $850.
Each time I shot alot of them and they were the best ones for me at the time. I really didn't consider price, although I must admit that if budget were a consideration, I might rethink it.
You don't need it on price, but you do need what you like best and believe you can afford!!