I think you could get a Batson 1088 for under $200---say, $180 as a ballpark price You'd pay almost as much or more for an equal quality factory rod.
For a reel---depending on how "wet" you usually fish, I'd go with a Shimano Stradic 8000 if you're gonna stay reasonably dry, or the Penn 560 Slammer or the old standby 704Z if you're gonna get wet a lot. Expect to pay about $80-$90 for the 704, $120 or so for the Slammer, and about $130-$150 for the Stradic depending on where you buy it.
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