Jake,
If this is your main bass, which you intend to use for years (perhaps for orchestral auditions or jazz gigs), then Ken has it right. We all know that our instruments are investments in ourselves, etc., etc. Why spend less on something that won't be of the best quality? If you can't yet buy a Robertson's or Schnitzer extension, then it may be best to wait (this is your main bass, of course).
If you plan to buy a new bass in the future or have a student bass, but need an extension for the bass you have now, you may want to go with a KC Strings extension. They cost between 400 and 500 dollars (not including set-up). There has been plenty of mostly-positive talk about those. The debate revolves around the weight of the brass extension (for the sliding extension) and whether that helps the bass or whether the bass sounds good despite the weight (to quote Mr. Schnitzer).
I intend to get an (inexpensive) extension in the near future, so I am in the same boat as you.
Alex