Refurbishing a classic microphone – the Electro-Voice RE20
jeffgeerling.com
jeffgeerling.com
Right now I'm using GLS Audio ES-58s, which are knockoffs of the Shure SM-58 but around $39 rather than $100 (and, to my ears, have an audio quality closer to the Shure SM-58 Beta, itself more like $160). And they're basically indestructible, which is nice.
Bear in mind that big dynamic mics like the RE20 need a colossal amount of clean gain. Unless you're using an excellent interface or mixer, you'll need to budget for some better preamps.
The Procasters are definitely on my radar. Just not sure I want to go halfway when I'd end up going all the way later.
http://recordinghacks.com/2012/06/18/sm7b-audio-interface-sh...
The article you linked was using a Cloudlifter with the SM7B, which is a preamp on its own.
For me it's one of the all-time great moving coil mics, along with the Sennheiser MD-441 (about which I think I already knew that the grill wasn't supposed to be dented.)