Magicshine is the best bang for the buck, but there are other nice lights available for reasonable prices. I also use a Fenix LD20 flashlight and like the Light & Motion Stella series. PB Superflash is probably the best inexpensive tail-light, and I use two of them for redundancy. I also use a Dinotte 140 tail-light, which is much brighter and costs 5X more. If you are riding on roads at night with high-speed traffic, it might be worth investing in something like the Dinotte or the Magicshine tail-light.

Regarding bike lanes, you are lucky to have that option. A good technique for riding on roads with bike lanes and wide shoulders is to take the lane in the road until you see a car approaching from behind, and then shift over into the lane as the car nears you. That way, they are more likely to see you and swing wide, and you have the added safety from shifting right. A mirror helps if you use this technique.