I was lucky enough to find a rod I liked right away, in other words not a lot of experience with a lot of rods. And mainly LML systems. I prefer to use baitcasting setups for river (float) fishing.
I don't like being undergunned, but I like a med-lite to medium rod with a "fast action". I think this gives the rod more backbone but it's light in weight and fun to fish. 10'6".
I've never really got into many springs (well..one colored up one..but big), mostly pinks, coho, chum and steelhead and never felt undergunned.
I have a St. Croix Avid ($260), paired with a Daiwa 253.. I "can" cast a 1/4 ounce spoon pretty far but it's best for float fishing and can cast anything above 3/4 ounce across the river. 2+ ounces can be done (ie. barfishing) but I was sweating a little about my rod tip, not ideal)
In your price range you'll hear Shimano Covergence and Abu Garcia C3. My buddy likes his. If it was me, I'd try the Fenwick HMX medium power ($150+/-). And think about getting a low profile baitcasting reel ... something like the Abu Black Max or the like ($50-60). IMO it's got enough line capacity, and you can use your thumb as additional drag. Easy to take apart and self service, I'm scared to take apart my Daiwa ...probably because of what it cost me.
I'd spend most of my money on the rod personally.
I like using mono mainline (Stren 17lb...15-20 your choice) and seaguar blue fluro leaders (15lb..or 8-15 your call..I like the abrasion resistance of a thicker leader, hate re-tying).
Go to SeaRun Fly and Tackle in Coquitlam if you need advice/friendly helpful service, they have the best selection of river float rods conveniently displayed. Wholesale sports in Langley is pretty good too for selection and price but it's less of a "boutique" experience.