Undoubtedly, you could have done it yourself for less. But (1) do you have the expertise? (2) do you mind getting your hands dirty? (3) what is your time really worth?
Saving on the $80 labor rate is an attractive thought, but what are NOT GOING TO GET DONE while saving $80 / hour.
In my opinion, you did the right thing. Most mechanics are honest, decent, trustworthy people, who take a real interest in helping their customers. They can only stay in business if they provide good work at reasonable rates. They depended on repeat, happy, customers, like you. A happy customer will send business their way. An unhappy one will cause them to starve.
Labor in a good shop is run by time out of the Chilton's labor guide. Its a guide line for how long a job should take a certified mechanic. From the total cost, the labor looks about right to me. I don't know the make or model of your car, and am not sure what the book will say. In my option, I would say it looks right to me for labor. As for parts, that I can not answer. Every shop has a mark-up to what the parts cost them. Depending on the make and model, some parts get really costly. As for the labor, I think you got a great deal. Hope this helps.
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