Unless the style is a huge concern with you, go for the Touring jacket and you can get a detachable hood. Both will cost you about the same as that Portland on its sale price.

I like the Touring for its durability, lots of reflective piping and striping, and great ventilation. You can really beat the snot out of it without doing it any harm. I crumple and pack mine in a Carradice bag, and sleep on the ground (concrete and gravel!) during brevets. It's dirty, but there's no damage to it at all.