i think a small scope would serve you better than binos -you need good heavy tripod & head combo to hold the weight of the 20x80 unless you do build the p-mount which adds some bulk.
a 90mm f11 refractor might suit -you should be ale to get it for your price range-this will give decent planet views, a 80ed which should have better optics might be just outside your budget, a 4" mak might also do the job-the maks are small & light and will go on photo tripods
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