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I just don't see how $150/month could ever be considered expensive considering what it does for your business. Building something custom would cost thousands. As others have mentioned too, if that is really putting a dent into your bottom line, running an affiliate program is probably not where you should be at this time.
I do think Borked's suggestion was good and doesn't need to be trashed. For me it wouldn't necessarily be about price, but about the system as a whole. The newest version of NATS looks real powerful and has a ton of features. Can be a little intimidating to someone who isn't a hardcore affiliate. For smaller programs, a lighter version might be nice. Could run quicker, use less resources, and be much easier for affiliates.
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