That or a Pneumatic gun. I just got a 100 cm Cyrano EVO HF for murky water big fish. It is shorter than a 90 Euro and shots like a 110 double banded. This is an expensive gun, but for your budget, a Sten 11 is a very nice gun.
Exactly, but I didn't feel good saying it, as I don't have much experience with bandguns but I love hearing it from the guys who do;-)
[Below, I let myself loose with my thoughts on airguns - just skip it all if you don't care;-)]
Marco is right, Stens are proper work horses and they have no known ailments. They are almost impossible to kill;-). Except for a few cosmetic changes and a thinner trigger pin, the design and interior has not changed for at least 20-30 years.
The Evo HF is a new design but can be viewed as a face-lifted Sten with a more hydrodynamic tank, nicer handle, an inner barrel which sits higher in the gun and one tiny change on the inside (bigger transfer port in the power regulator bulkhead). The Evo HF has more bling and may track a bit better but they should be very comparable in power.
The Evo HF has had a few cases reported with line releases seizing (Hope Marco's will stay good).
The Sten will come with a shitty galvanized shaft in shorter sizes and an OK/good SS shaft in larger sizes, but I can't recall exactly at what size the change happens. But you can get nice 6.5 - 8mm shafts in 17-4ph SS from Sigalsub complete with slide rings and sliding washer to suit oleos without any need for modifications. (BTW, "oleo" is short hand for pneumatics in their Italian mother tongue).
The Sten itself is often for sale at good prices.
Marco mentions the Sten 11 which refers to the inner diameter of the barrel vs. 13mm which used to be the standard. Stens come in both 11 and 13mm.
11mm is an advantage unless you want to upgrade the guns with a vacuum muzzle. A vac muzzle has a seal at the muzzle barring water from entering the shooting barrel but without a vac muzzle, an 11mm will be more efficient than a 13mm as there is less room around the shaft for water. This water will need to be expelled during the shot, so less water means less power lost, resulting in a more powerful shot.
But for the ultimate in power, I would definitely recommend a vacuum muzzle. Supposedly, you get a 15% or so increase in power, I never tested it and all my airguns have vac muzzles now. Or stick to the same power as you have now, with 15% less loading effort.
If you go with a vacuum muzzle, 13mm has a very slight theoretical advantage but I would just make the choice based on which one I could get cheaper.
Vac muzzles are made for both 11mm and 13mm barreled guns.
It's an easy modification to undertake as Salvimar now produces them and many online stores carry them. Only thing is that the seal in the vac muzzle will wear out, so those you have to change once in a while. But you can do that without depressurizing the gun. The install of the vac muzzle itself is easy: depressurize gun, unscrew original muzzle, put new one on and pump gun.
There are a handful more vac muzzle options available and I can elaborate on that if needed.
BTW, Marco, Salvimar now makes the vac muzzles for your Evo gun, too;-). Or get a custom one from the dad and son team in Croatia (Tomi and Marko). I can PM you contact info, they make beautiful stuff!
Some people think oleos break down more often than band guns but I think if you stick with a known design and don't tamper too much with the insides, then that's not true. I hear plenty of stories of oleos never having been serviced working impeccably for five, ten, twenty years.
Even if they need servicing, it is fairly easy to do yourself if you are just a tad technical. And a new set of o-rings costs 5 bucks. In the long run, I am pretty sure oleos are cheaper than bandguns - no new bands needed:-)
I have a 90cm oleo (and a few others). It fits in a fin bag and is a perfect travel gun. Except, that if you empty it before flying (which I stopped doing) you have to pump it again at the destination. For smaller guns it's OK, for bigger ones it can be a chore.
The only thing is that if they do leak, or break down, then you have to take them apart to service them and that can be annoying if traveling. But again, if you stick to a proven design without too many crazy mods, then in all likelihood it wont break down on you.
An alternative to the Sten, the Seac Asso is another golden oldie but I like the Stens more. The Stens have softer trigger pulls and better pistons.
Also, Salvimar has a cool looking gun called the Predathor Vuoto. These are very nicely priced, comes with the vacuum muzzle already and in large sizes a reel, too. The handle looks better than the Sten, but I haven't tried one yet. The trigger pull will be slightly heavier. It's a new design and they seemed to have gotten most of it right out of the box, except for the slider which is too brittle and has broken on occasion, but sliders can be had from other companies fairly easy - And Salvimar may have rectified this issue quietly.
Shorter pneumatics can be slightly (nose) heavy in the water, though they still float after shooting. I am very allergic to even the slightest nose heaviness, but others are not. Depends, also, on your type of diving. If you do long days, long dives in shallow water you are likely to be holding the gun horizontally for longer than if you are in deeper water. But when you start getting to 90cm, the oleos should be quite well balanced with 7mm spears. Obviously, if you go to 6.5 or 6.75mm, you get some help in that department.
Also, to come back to the vac muzzle - that makes a gun a bit more buoyant since it will restrict water from entering the shooting barrel.
If you had lived in Europe or have friends heading there once in a while, I would tell you to hit the Italian forums and buy secondhand. Very good guns go on sale there, bandguns, too and the length you are after is what they shoot, too. Google Translate have helped me buy two guns in Italy now (shipped to Denmark, still in the EU/EC, but maybe Canada would be a stretch).
No carbon steel shafts for oleos though. You don't want rust or corrosion in your barrel messing with your piston's seal. That said, I was silly enough to just order a RA shaft to try it out myself, but the odds are against me. While on the topic of stuff in the barrel, shore dives should be fine. People do it all the time in Denmark.
OK, end of story;-)
Ah, not completely - I'll throw some approximate numbers at you:
Salvimar Vac Muzzle (aftermarket upgrade): Euro 40
Three spare seals for above: Euro 9
Shaft, app: Euro 20