Depending on how technical your riding is you have a basic decision to make about the type of shoe. If you're riding somewhat technical terrain where you will be out of your clips for hiking or for balance I'd recommend a softer soled shoe.
After a decade of multiple pairs of Sidi Dominators I have my first pair of softer soled shoes (Nike Kato IV) and couldn't be happier. And they only cost about $50!
Like ski boots, whatever is the best fit. I liked some of Shimanos, but they were too narrow for my feet. Ended up with a pair of Specalized Tahoe (has laces and velcro strap) and I'm very happy with them.
There more money than what you have stated but SIDI Dominator shoes rock.Very comfortable and bomb proof. I had one pair for 5 years 3 rides a week in very mountainous, rocky, rooty, terrain. I bought another pair and have 7 years on those, so you have to take into consideration the length of time they will last in your purchasing decision.