I think the chad smith snare is great if you like steel snares. I have a Vinne Paul signature snare ant it was about $250 if you like maple and deep snares. My opinion is pearl snares are the best on the market.
i use the chad smith signature, i love it! good price, awesome sound. my story with it: going through snare drums at guitar center, the recording budget was to cover the purchase, i chose the chad smith over any of the other snares..great ping, crack, snare sound..