Waders .. sigh .. just went through this ... they're a necessity, but be prepared because it's a not a matter of if, but when they'll start leaking. I only have experience with the breathable waders, not neoprene. So don't have an opinion on their relative merits, but get whatever leaves you dry and comfortable. It's worth it.
My first two $100 ish pairs lasted 3-4 years each (LL Bean Ultralight and Frogg Toggs HellBenders) , moderate use, which I thought were very good value. My last pair of Hellbender IIs lasted basically one season, then the seams blew. Friend of mine who bought same waders at same time had his seams fail at the same place, so could just be a bad batch. Luckily, they always failed during the beginning of pink season when it was warm and not in the middle of Oct.
Pin holes, and hooks etc, are easy to repair on breathables, so when people have "terminal" wader issues it's when seams fail, from what i gather. Expensive Simms and Patagonia waders will likely fail at the seams eventually as well, I'd say buy the inexpensive ones. Despite my experience with the current Frogg Toggs, they are well designed, look and fit nice, I'd give them a try. The price is right (maybe don't get the Hellbender IIs).
You can always wait for a sale or when you're flush, get a pair of Simms G3s (higher end Simms) or something later, because having a backup pair isn't a bad idea.
Whatever you buy, keep the receipt and use a credit card that doubles the manufacturers warranty. Keep proof of the warranty. Then you have at least 2 years, no matter what you buy if the seams blow.
I went with a pair of Redington Pro HD waders. They're a little under half the cost of G3s, but I was really considering just going with the Frogg Toggs at 1/6th the price again. Had a bit of extra money and thought I'd give it a go, fingers crossed. Good luck.