I think both would be OK but I think I would get something like a Nikon 7X50 or maybe 10X50 binocular. I have seen the Monarch line on clearance at Wal-Mart for well under $200.
Don’t worry about power or maybe even purposely get low powered binoculars because really good high powered scopes or binoculars are way above your price.
I have a Celestron 20X60 spotting scope which has some ED glass elements. I paid less than $200 for it but that was a long time ago. It was made in Japan.
I can see the rings of Saturn tho the planet still looks tiny.
I also have a Meade 20-60X60 which also has some ED glass elements. It is about the same as the Celestron tho the extra power does help a bit. I paid $60 for it at a pawn shop. It was probably worth a lot more than that.