I definitely understand your desire to keep the price down, but I always suggest that the one piece of gear you don't want to set a budget on is your regulator. It is your life support - you are going to have a very bad day if it doesn't work well.
For cold/deep, I love Poseidon. I've had them in 31 degree fahrenheit rivers, I've had them very deep, I've had them in caves...they are unstoppable. Some don't like them, but hey...
Apeks is another high quality brand that shouldn't fail you at all.
Scubapro's..ehh...so-so. I've personally had terrible luck with them, and so have most of the people I dive with. On that river dive I mentioned, only one diver out of all of us didn't have Poseidons - he used a Scubapro S600. Guess which diver only had about 30 second of bottom time after his reg froze up?
What reg to use is a huge debate - get what is comfortable for you, but don't skimp.