My best suggestion for excellent performance on a shoestring budget? Vintage Test Gear!
If you are willing to deal with equipment that is larger, heavier and uses a bit more power than the newest stuff, you can get the very same stuff from Tektronix, HP, General Radio, etc. that only the corporate labs or government agencies could afford 20 or more years ago. Stuff that the average hobbyist could only dream of a generation ago is available at hamfests, flea markets and eBay for little more than scrap metal value. In addition to excellent performance, most older test gear is well-documented, and uses a lot of off-the-shelf parts, so it it can actually be repaired, because---it was designed that way!