I put an inexpensive Tru-Glo 3-12X44 on my Mini 14. While it works great on a mild recoiling gun like the Mini, I'd be concerned about using it on my Ultra-light custom .30-06. However, Midway USA says not to worry. The Chinese Tru-Glo can indeed handle it. But, that's their opinion, not mine.
I think the Tru-Glo was a bit more than your price range, but only because mine has an illuminated reticle.
I think the Tru-Glo was a bit more than your price range, but only because mine has an illuminated reticle.