Honey Ryder - dropped from a Listed Race to a restricted race for F&M with 2 metro wins
Big drop.

Timidity - Racing in similar company.

With good horses like Zabarra $4 is fine. Don't know why you wouldn't take that.
May have been racing against older horses but most of them aren't world beaters. Also Zabarra had the highest $$$ per race, dropping 3.5kgs and ran good time last start.

I suppose you would've knocked back the $2.80 about Boreale - Nothing wrong with $2.80 if the horse is good and the opposition is ordinary.