You mentioned you want a recurve........check the pawn shops and yard sales.
I've seen perfectly good "old antique bows" for $5 on up. What them folks don't realize is that the bow is usually perfectly functional, even if it doesn't have wheels and a drop away rest on it. Matter of fact, IMHO they are superior to any of the compounds, ESPECIALLY for bowfishing.
Recurves are simple, nothing ever goes out of tune, and a used one usually has enough dents and dings on it that you won't mind throwing it down in the mud or the bottom of the boat to fight a fish.
Find a mid-length recurve, in any weight from 40#-#60 and you are in luck. (you can shoot a heavier bow if you wish, but when it's good there is gonna be LOTS of shooting, and you really don't need the extra weight to effectively shoot the majority of fish)
The AMS has a lot of fans, and the closed face reels have a pretty good following, but I prefer a good old fashioned shoot through hoop reel. Whatever reel you choose, make sure you have safety slides on your arrows, I've never had a snap back since I've started using them. You only have to experiance a snap back one time to appreciate that it isn't something you want to do with any frequency.
Good luck, and welcome to the addiction.
(There are support group meetings every other Wednesday evening down at the lake