From my neck of the woods, if you can get that for $200 you have made a good deal. It doesnt look to me like it tilts other than manually by hooking one side to a higer pin, but if you are only going to use it to maintain a road, it will work without tilt. Also doesnt swing or pivot at the 3 PH area which is nice feature, but again you can use it fine without that feature also. It looks like a well made blade as far as strength goes. The super light duty ones around Crosby go for 100-150 and I am talking about 200 pound weight class that run about $400-500 new.
The features on back blades start with el cheapo that only angle in horizontal plane (like this one) then they include a tilt feature that rolls the blade in a vertical plane. Lastly they have a swing feature that takes the whole assembly that is back of the 3PH and allows it to swing left or right. This puts the blade outside your wheel tracts or allows you to place it in the wheel tracts if you are digging a ditch and have it angled and tilted. So as you can see, if you want to dig a fairly large ditch with one, the swing feature is almost a necessity. Good for moving snow also as the blade can push the snow further than your wheels are located. The swing feature is also handy when you want to grade up to a ditch and dont want to put your tractor wheels that close. You can reach out a foot or so past your tractor with the blade.
I am guessing that I have a real good idea were that blade might be located.