Binoculars can definitely be limiting for target shooting at distance. A spotting scope will be a much better option for spotting bullet holes and finer details on your target at 200 yards and beyond. In the $500 range, a Vortex spotting scope is a great choice. They offer high quality optics with good light transmission for clear views, making them a popular option for target shooters. Consider the Vortex Diamondback HD 16-48x65 spotting scope. It falls within your budget and offers a good balance of magnification and objective lens size for spotting your shots at the range.