Training & Nutrition - Inexpensive HRM suggestions?

My HRM requirements:
1. Large display that can be read while cycling
2. Displays % of max HR
3. Either comes with handlebar mount, or the strap is on a springbar, such that I can remove the strap and use the watch with an Atomic mount (which connects to the watch via the springbars)
4. Stopwatch/chronograph function
5. Transmitter battery is user-replaceable
6. I mostly ride in groups (single-file, not peleton/pack riding) - so do I need a coded transmitter?

What I don't need:
1. bike-specific heart rate monitor (have a wired computer with cadence)
2. much or possibly any data storage/recording
3. ability to download to computer
4. calorie counter or other caloric-related functions

Any suggestions? Seems like the Sports Instruments Fit 2 might meet the requirements (except for the coded transmitter).

Try doing a "search the forums" and use heart rate monitor and titles- there's a ton 'o info there. Polar's website http://www.polar-usa.us/ is also very useful- do the compare feature. Definitely get a coded one. Good luck!

Thanks. Some of the threads on this are pretty old, so I'm looking to get some feedback on the current models.

I contacted Sports Instruments regarding their non-coded transmitters. They said that if another rider's transmitter is more than 36" away from my monitor, there won't be any cross-talk. Any real-world experience with the SI HRMs in a paceline?

Any sub-$50 HRMs with coded transmitters?

I am not sure if they are coded or not, but I have heard great things about Sigma Sport HRM's. If I did not buy my Garmin I was going to get a Sigma Sport. Fairly cheap too, you just have to figure out which one has the features you would like to have.