Does this have HDMI pass through?
What are better options at this price point? Or slightly higher?
Yes, it has HDMI pass through.
At this price, also consider the Yamaha v373, v471 (better - $199 Newegg), Denon 1612 (accessories4less refurb'd), Pioneer vsx-1022.
As far as sound quality goes, the list usually looks like:
1 & 2 - Yamaha, Denon
3 - Onkyo
4 - Pioneer
1 - Yamaha
2 - Denon
3 - Pioneer
4 - Onkyo
2 - Onkyo
3 & 4 - Pioneer, Denon
Questions to ask yourself:
do you need networking capabilities? Do you need 5.1 or 7.1? Do you want calibration? Do you need 1 or 2 USB ports? Do you need AirPlay? HDMI pass through? Video upscaling?
IMO, the best bet right now is the v471. It has calibration, 5.1 and no frills, great reliability and top notch sound quality. Plus it enhances the quality of compressed audio (mp3), which is essential for me since that's all I own these days.
But if you can demo each receiver, that's your best bet.