Would like opinions on budget monitors.

CarpeMofo

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I'm looking to replace my very old Acer 22 inch LC monitor. My current plan is to go with the the Asus VN247H-P http://www.newegg.com/Product/Product.aspx?Item=N82E16824236307&cm_re=ASUS_VN247H-P-_-24-236-307-_-Product But, I was wondering if anyone here had a better suggestion for a monitor that's around 170 dollars or under. I thought about going with an Asus monitor that has an IPS display. It has a 5 ms response time compared to 1 for this monitor. My current monitor is 5 ms response, but I'm not sure if I started using a 1 ms monitor if I would notice a difference which i think would make the IPS better? How noticable is the difference between 5 ms response time and 1 ms?
 
I have a more expensive Asus IPS monitor, the MX239H, and when gaming the 5ms response time is plenty. You will only find a slight blurr when the pixels go strait from black to white (for example, a black ball flying across a screen with a white background) but you really have to hunt for the blur to see it. Besides that, it's awesome!!

Asus makes good IPS panels, so go with the cheapest IPS ASUS monitor you can find.
 

CarpeMofo

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Thanks for the information guys, I can rattle off information about video cards, CPUs, PSUs all kinds of stuff, but when it comes to monitors, it's so.... Objective with no real standardized numbers, it's hard to tell which is best.