The SRPE is a great watch, and personally, it looks pretty damn attractive. And if I were young and trendy, Id be all over that watch, might still buy one myself. But don't overpay, look around for $225 or so or till the craze subsides. If you cant wait, I find the Citizen NY0040 or the Fugu limited editions to be great, more toolish than the Orient's suggested above and way more dive and tool watch than the SRPE (you may or may not be looking for that) I returned my Orient Ray II, crown action was crap and Mark @ LIW said a lot of them are like that, so adios amigos. (NOT knocking Orient! I have several!) The NY0040 is bullet proof, trust me. I have four of them. And $300 is a good number to stick to, lots of choices. I like Seiko, Casio, Oceanus. Generally, I like automatics or "Quartz with extras". How about this Asia Limited Edition FUGU!? NY0098-84E: On bracelet with blue bezel.
You'd be the only person you knew who had this very durable and handsome automatic diver. The great thing about this diver is it is smaller than a SKX007 (I have both) I've worn this many more hours than my SKX. It's just a smidge bigger than the SRPE. And if you know where to shop, well below $300. Honestly, the Fugu's are cool, but the straight Black Dial NY0040 is still a great watch. I like the ProMaster logo and 200M in
RED and the high-contrast dial. Negative day/date, great sleek case. Approved by the Italian Navy. These run forever and parts from Citizen are very reasonable if ever it needs service or it gets banged up. This watch goes everywhere I go, Sauna, Jacuzzi, pool, gym, garden, track, ocean, I DO NOT take if off and it runs like a top. $225. You can mod this watch too, like an SKX, I've done a signed crown and signed strap, just some fun you can have.
Masters of Time in Holland has these at reasonable prices: (no affiliation).
Used Oceanus S100:
This is an example of a sub $200 OCW-S100, a little "too used" in my opinion (scratched bezel and crystal, this is in Japan) but you could look for one in better shape for around $300 in near(er) to new condition. They come in four or five color ways. Here is my silver dial version I wore today:
Oceanus OCW-S100 "Titanium Sapphire Solar Atomic" (has a nice ring to it, right?), remember I said "Quartz with extras". If you look for one of these second hand, make SURE there are enough links in the bracelet, that it also includes the HALF LINK for sizing to fit your wrist. It has proprietary lugs which means no straps for these, one of their few shortcomings. Be aware that Ti is light and strong but also scratches a little easier. Everybody goes for the black face, me too, but there are other color ways if you feel like hunting. Get ideas by searching images or browse ebay quickly with picclick. I saw black a bezel version the other day, thought it was beautiful. Still, that SRPE .... I like the plain black face on a bracelet ....
Happy Hunting!