Yep, I recently found and bought a 16 gauge model 97 pump shotgun for $200 that was in really good shape. IIRC it was made in 1904 according to the serial number. The problem with a 16 gauge is paying the premium for shells. When you can find them regular 7 1/2 lead shot will be $17 per box when the same shells in 12 gauge will be only $6.
That's like the 28. I only allow myself one box per year, then I switch to the 20. If I was really hardcore I'd get into reloading.
I really don't notice the recoil, I like it because it's light to carry and come to my shoulder nicely.