Not sure if your priority is weight/packability, or durability/functionality. If you want to go as light as possible, I like the Marmot Precip jacket. My backpacking go-to rain shell.
For a warmer, full-feature wading jacket I am a big fan of my Patagonia SST. Very clean and plain exterior, great pockets, hidden d-rings, but best of all are the cuffs. They are smooth – no gathered fabric – and velcro down and are stretchy so you get a tight seal to your wrist. In Feb. I fished through a cold, steady rain and reached into the river to handle a few fish without getting any water into the sleeve. Rolls up nicely and I strap it under my mountainsmith waistpack.
bill