Rule-of-thumb: 25mm or less: go with 1.25", more than 25mm: go with 2". If you don't want a wide field of view (more than 52 degrees), then 1.25" will cover you all the way up to 32mm or so.
It is not true that 2" EPs are expensive and 1.25" are less so. You can get a crummy 2" EP very cheap.
And some of the most expensive EPs ever made are 1.25".
Like Mike said the 30mm Superview is a good wide field EP to begin with and not very expensive. I've still got mine but I'm looking to upgrade (hate those seagulls). 32mm Meade 5000 Plossl is one quasi-budget-wide-field option I'm considering ($230).
For short focal lengths eye relief will be a problem. Better just get a barlow me thinks or spend big on eye relief.