Resolve Studio vastly outshines Premiere IMO. For $300 flat it’s a no-brainer.

I'm not a pro or anything, and I don't edit video super often, but I would like to point out that Lightworks is quite good, and offers a perpetual license [1] for $420 that is very often on sale.

I don't have the ability to compare these things in intimate detail, but Lightworks has at least been used for "real" productions [2] so I think it's production-ready.

[1]https://lwks.com/pricing

[2] https://en.wikipedia.org/wiki/Lightworks#Users