Like you, I was in search of a decent spotting scope that didn't break the bank. Unfortunately, I first bought a really inexpensive model, only to turn around later and spend more on a better scope. Lesson learned. You get what you pay for.
I now have a Leopold Ventana 20-60x80 angled spotting scope and I'm happy with it. It's no Swarovski, but you won't have to sell a kidney to buy it.
http://www.leupold.com/observation/s...otting-scopes/
Few points I like about this scope:
- I like the angled viewer - makes it easier to use when wearing a hat
- With 60x magnification I can clearly see a bullet hole in a target out to 300 yards (this is the furthest target I've looked at, it might do well beyond that)
- Comes with decent tripod and case
- Seems very rugged
- Leopold Lifetime Warranty
- You can find one new for about $400
As I mentioned, I had a less expensive ($150) Simmons before buying this and the difference is substantial. The Simmons was clear out to about 125-150 yards, whereas the Leopold is clear at twice that distance. The Leopold is a better built and more rugged and durable. I would consider this Leopold an entry level spotting scope.