Im building me a New (used) 200.00 Bow package this year, Just for the heck of it!
Already picked up a Jennings CK3.4R Bow for 137.00 (550.00 Bow just last year) and a Diamondback drop away rest (NIP) for 24.95, still looking for a good quality used Sight for around 30. to 40.00, and plan on Killing a 130 class Buck or Bigger with it.
Nothing against 1000.00 bows, 200.00 hunting sights, 200.00 Releases, 125.00 rests, or 100.00 bow strings, just doing it to show it can be done on the Cheep if need be!
I killed deer with bows that shot a smoking 170 fps and had nothing on them but my hand and a string, I think I can take one with my New (Used) 200.00 outfitt .

As far as the Hunting part of it goes, Young Hunters today are far more Knowledgeable then say most hunters 25-30 years ago where Whitetails are concerned, sure some of the equipment makes the Job a little easier, But the knowledge of Hunting the Whitetial over the last 30 years far outweighs the equipment!