You're 'on the money', and so much the better, but, at the time (late '70s...) there was not the same choice of instruments, at these price points, as today. It helped, too, that, at the time, I was working in a music shop, and got my brother's Selmer at a greatly reduced price compared to its 'street value'. Between a Mark VII and a student Boosey & Hawkes, there was quite enough difference to be worth the saving up, proven by the excellent condition of his sax all these years later. There's no 'right' or 'wrong', of course; we all deal with the situations we find ourselves in.