Best Red dot site for the money

I'm a fan of iron sights on pistols, but if I was going to put an optic on one, it would be a "See All Open Sight". These are available from Questar, which is where I got mine. I use mine on my 10/22, but they work well on almost any platform with a picatinny rail on top.

Here a picture of one on a Ruger pistol like the OP was asking about:
http://4.bp.########.com/-JRsHyCS4tR0/UAhEuae50yI/AAAAAAAAAE4/c7LhIDPtT6E/s400/IMG_2228.JPG
 
I bought a knock off from Amazon for about $30. Red or green dot, flip up lense caps. I've had it for a few months, so far it's been great. Then again, it's mounted on a Mossberg 715 Flat Top, which is supposed to have all kinds of trouble, but doesn't. :p
 

I have this exact red dot and works great on my Henry mares leg. I also have a TRS-25 on my own 22/45 and that works great as well. Good thing to note as you get what you pay for, with the bushnell while costing give or take 100 more has a lifetime warranty so if something happens Bushnell will fix it for you or give you a new one no problem. If you want to step up from either one of those is the Holosun either the HS403C or the HS403GL with a slightly smaller dot by 1 moa so 2 moa compared to 3 moa for 269 but I have not had any experience with those optics yet but hear good things.
 
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