Hi Mike,
For your described application have a look at Mo Tackle online.
In your price range they have:
RODS:
1) Shimano T-curve 6' 7" Powercast Overhead 2-pce 6-12kg for $199
2) Shimano T-curve 5' 8" B/C 1-pce 6-8kg for $195 (I own one of these & its great)
3) Shimano 'Ian Miller' Raider rods are good value at $119 (when they first came out a while back, they were over 200 bucks)
4) Daiwa TD Advantage (various models) for $199
REELS:
1) Daiwa Saltist (as you mentioned) Model HRF for $235
2) Daiwa Bayard 150 for $219
3) Abu Garcia 5600C4 for $199
4) Or (more than your budget) Shimano Calcutta 400B for $319
Check 'em out and compare!