I believe it's the Ghia and Ghia X for the Mk3 for cruise, but that's not a fact, just my memory.
I had a 2.0 Mk3 LX (02 plate, so pre-facelift) and I can't fault it. Neither can the guy who I sold it to - it's now gone through 3 services/MOTs (60-80k) and has had nothing more than sparks, windscreen wipers and a windscreen washer motor to show for it. Tremendous car.
With your budget, you could get a fantastic Ghia X, which will be an absolute pleasure for doing your miles in. Doesn't win any "cool points", but you're unlikely to regret it.
I can't give any views vs the S40 I'm afraid since I know nothing about it!