5-inch blade for about $150 tops?

For $150 you could probably get a nice custom from one of the makers here.
Just go through the hosted knife makers forum and see if there are any makers you like.

Erdbeereis
 
I've been using my SOG Team Leader for deer and hogs over the last couple of years. They've been discontinued, but you can still find them online. I have the Duratech 20CV blade, which holds an edge, and the simple design and blade shape make it a good all around field knife.
 
You or your dad should check out this youtube channel by a guy named "virtuovice"
http://www.youtube.com/user/virtuovice

his entire channel is basically dedicated to finding the perfect deer hunting knife.

I think his current recommendation is a bark river fox river.. although you could ask to be certain, I bet he'd answer.
 
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