peck, the OP limited his discussion of factory pipes by putting a 200.00 price limit, do you have reading comprehension issues? LOL
I totally agree that for smoking properties nothing beats a Castello for a cool, dry, flavorful smoke, which is why I would buy an estate Castello for less than 200.00 over many new factory pipe.
Now under 200.00 for new, then I would go with Radice, Mastro de Paja,Savinelli, and Don Carlos. In my experience the Italian's make the best smokers for under 200.00. I have never had a bad one and I have smoked probably around 30-40 Italian pipes over the years.
Now in the estate market for under 200.00 besides Castello, the older Radice/Ascorti era Caminetto's are some of the best smokers out there. Also on the estate market you can buy a plethora of Upshall and Ferndown pipes which are also very good smokers.