YOu don't say what you will use it for, so I'll assume hunting. Lower price optics tend to be at their worst in low light or long range situations, just what you need in hunting. By long range I'm talking 100-300 yards. It's 2-3 times the price, but still for 100-200 you can get lower end Nikon's, Burris FFII, Bushnell Elite 3200, and the new Pentax range seems very well priced for a mid-range scope at around $100-150. All of these will have better coatings and lens polishing, that's where the cost is, and be much more usable over a wide range of uses.
I don't own any expensive scopes, I have all of the above except the new Pentax, and for my eyes it's not worth paying 500-1200 for a high end scope. The improvement is not significant enough for me.