Having gone through similar exercises for rain gear, I ended up with Frogg Toggs.
I used the bib overalls pants because the jacket was short on me - solved the wet crotch problem.
They don't last forever but they pack small, do a good job of keeping you dry and are reasonably priced.
And if push comes to shove, you can do temp repairs with duct or gaffer tape.
I use mechanic's nitrile gloves over regular gloves - cheap and effective.
I used to buy high end rain suits but I found with a lot of use they began to leak anyway.