The steel itself used in the gerber instant isn't a bad steel, it's a real basic stainless, identical to 440a with the small addition of nickle, and it makes a decent budget blade when properly heat treated... That said however, unfortunately Gerber has gotten many complaints (myself included) regarding the performance of their steel especially in their lower end production Knives, so I would venture to say he's better off with anything but a $40 Gerber...
If he wants a lower cost budget blade, Boker Magnum uses 440a, almost identical steel, and has better quality control and consistency in their end product then what's become of Gerber...
Very Comparable styles; almost identical steels, both made in china, I'd veture to bet that a <$20 assisted Boker Magnum 01RY223 in 440a steel 97/100 times delivers a better performing knife all around, then a Gerber Instant in 7cr17mov steel, that cost twice the price.
5.11 Tactical ARK has a tanto and a recurve model in aus8 steel. Made in Taiwan.
-the recurve is nearly identical to the Gerber instant in blade shape/profile, but more then a half inch bigger. Not assisted but 4way clip allows for RH/LH - tip up or down carry.
If he really wants assisted and a deep pocket clip, take a look at the Kershaw Thermite; great knife, 8cr13mov steel is comparable to the 7cr, a bit more of a complex alloy, but Kershaw has better quality control and consistency then Gerber also, esp. Regarding the lower end Chinese manufactured models.
A few others to consider at the higher end going upwards to $100, all with "similar" blade profiles;
SOG zoom drop point (assisted)
Aus8 steel, made in Taiwan
SOG toothlock (manual) in VG-10 steel, made in Japan
Kizer ki3304B in s35vn steel
Bear OPS mc100-b7-T in s30v, made in USA
Benchmade Griptillian, Mini Grip in 154cm, or H&K axis lock in d2 (made by Benchmade) all made in USA.