Can't argue w/ $78. Can also troll ebay for Burley Rock Point, the coat the SP elite is based on. It's every bit as good as the elite but it has a proprietary fabric instead of event. The main point of the RP and the elite is that the fabric matters less than extensive ventilation, cuff to waist pitzips and back flaps.

There is a S rockpoint right now, they are asking $89.

I should add, I still have my rockpoint but I decided I don't want blue, only hi-viz (despite the reflectors). Once I started looking for hi-viz, couldn't find a coat w/ comparable ventilation and what passes for breathability until I worked my way up to the SP elite which is what I wear these days.