Thermarest Neoair is the best mat I reckon, but it is expensive. Exped synmat 7 is a cheaper alternative.
A good sleeping bag is not cheap unfortunately and $200 won't get you much and would be wasted money. I have a Macpac Express 400 I picked up off trademe for $250, but new are a lot more. Keep an eye out on Macpac for sales you will save a lot. Try and find an 800 loft 500-700 g bag.
Here is a 2nd hand Macpac express for $80ish http://www.trademe.co.nz/sports/camp...-977672933.htm
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