Queen of Neoprene here, w my observations. Of course, fast, comfortable swims are about fit (suit) and fitness (you.)
The newer suits these days pretty much rock, best way to check out the options would be to do a wetsuit demo or rent a suit your interested in.
1. Even the lower-end suits these days have better materials than previously. Yamamoto and Sheico are the 2 widely recognized neoprene and I'm seeing plenty of their rubber in US$250-$325 suits.
2. Materials: Look for "dimpled" neoprene, (looks like the textured Zipp carbon wheels) which has a perforated layer sandwiched inside: maximum buoyancy w more flexibility and lower weight.
Photo here, zoom in on torso: http://www.swimoutlet.com/...lon-wetsuit-8124245/ (disclaimer: this is the last suit I designed for Profile Design.. and one of my all time favorites...) 3. Patterning, 1.5 mm in the shoulders and sleeves won't necessarily impact chest flotation, some brands add 2.5 mm underarms transitioning to 5mm chest/torso. Still plenty of float for your boat.
4. More about patterning: one of the coolest innovations has been inserting a panel of thinner rubber down the middle of the chest/torso to add some flexibility to the panel.
5. So many brands, so many different fit blocks. Some brands cater to skinny w narrow shoulders and small arms (runners...) and others have more generous fit.
Please feel free to ask me questions. I'm a wetsuit geek.
Karen ST Concierge