My old 205 pulled someone through 35 off with no problem. Supposedly, the spray becomes a factor past that with the 1st generation, but I heard no complaints. My cousin (pictured skiing above), just picked up a 99 SNOB. The wake behind that boat is wonderful, but the cabin is a bit cramped because they moved everything back to accommodate the open bow.
I'm not sure about the 205s being at a good price point. The MC guys love these boats and pay pretty handsomely for the ones in good shape. When I sold mine several years ago, I got a few thousand more than I paid for it four years earlier. Like anything, the price drops a bit each year. But for these boats, it has flattened a bit.
Here is the wake behind my old 93 205 at 34 and 36 mph. As you can see, it kicked up a bit of spray at shortline.