No, there's no real difference between them. Although if you're willing to spend the money; go Time ;-) XC4 should be within budget.
All my non-race bikes are with 520 pedals and all my shoes with Shimano cleats. I cant justify swapping system right now.
Will consider the slightly lighter 540 for my cx then.
ALSO:
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@Hulsroy started
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No, there's no real difference between them. Although if you're willing to spend the money; go Time ;-) XC4 should be within budget.