I'm happy with my Standard Horizon HX870. At around $200 it's outside the range you specified, but I like the built-in Digital Selective Calling (DSC) and GPS.
Something to keep in mind: A very compact radio will not float (unless it's also very light, which is not so easy to do). Models that float will be larger. Pay yer money and take yer choice.
Oh, and if you want to use DSC, you'll need an MMSI number. See this thread:
Got a new VHF handheld, but have an issueDan
