I love my Horton Steelforce, 150lb draw is truly powerful! Mine's a recurve, the other advantage with these is less moving parts. Plus, it's on the cheap end yet still decent quality. Got it for around $150 but I guess they don't sell them anymore. My friend totally missed my cube @#$@! and hit the brick wall while testing it out. It took out quite a chunk at 20 yards!

As for the wax, I understood one of the problems when you don't use it is the string rubbing on the rail wears much faster. I tried those noise and vibration reducers, forgot the name, and they did okay until they flew off. lol.