Debay777:
3 years ago when I first went through my OW program I immediately ordered a bunch of stuff off the 'net (7mm wetsuit, set of cheapo new regs/spg, etc) and I ended up ordering my BC a year and a half ago on the net brand new because it was half price. I was just in a rush to get as much as I could as soon as possible.. Now 3 years down the road I've learned some things...
The wetsuit has been great, same w/ the BCD, I love both of them. However, the regs I ordered only have 1 local dive shop that services them and its a pain for me to get there and the overall build quality of the setup wasn't anything to write home about. I thought it was just fine -- until I found my new local dive shop and I looked at some of the lower-end Oceanic regs they had and I noticed a big difference in overall build quality..
I bought a set of new regs from the shop (Oceanic Alpha 8 w/ matching octo, PX-3 1st stage) and a new SPG w/ computer.
All I can say after my first dive with the new regs was: Wow! They breathed beautifully and always delivered as much air as I wanted and stayed dry throughout. I've been very very happy thus far with the recommendations of my new shop.. So...
I figure at least I have a 1st and 2nd stage I can use on a 30cf pony (the older ones).
If you're thinking about buying gear sooner rather than later to justify the cost, then be sure you try a few different regs from your local shop in a pool or just rent them for a local dive to see which feels more comfortable for you. Most folks, myself included, won't need anything more than a basic recreational reg so they should all be good as long as its a reputable brand. So don't worry about getting the super-deluxe model of a product line.. The Alpha 8 is just Oceanic's basic reg from what I can see and I'm very happy with it.