Im going with Lib with BOA, I've heard horror stories about it. Stick with regular lacing, you have more customizable options with it, and if your lace breaks, just buy another 2 dollar pair of laces. If your BOA lace breaks, i hear it's a pain in the ass to fix.
And for bindings, I hear the Rome 390's are pretty solid for all around use, I have the targa's, but have yet to ride them, but they are really customizable and feel real good. I got the targa's for around 150, so you could probably find 390's for cheaper.
Could also go with a Burton Mission. I've had friends that rode these and loved them.
http://www.evogear.com/outlet/snowboard-bi...ssion-2008.aspxFor boots 32 makes a solid boot.
Could probably score some 32 Lashed for around 100 bucks. Rode those all of last year, was happy with them, i just prefer something stiffer.