Thanks again for the assistance. I've done a good amount of looking, and have narrowed my choices down, which I will research more. My criteria are low price (I don't want to exceed $100/fish), mostly peaceful to other wrasses and tankmates, can be found at 10m or less (since I want my tank to simulate a shallowish area), preferably in the lagoon zones. I will keep between 1 to 3 individuals (depending on how big a tank I get; they will not be the only fish in the tank), each of different species, per the advice given here.
They are (plus my rough notes on them):
C. flavidorsalis “Yellow-fin Fairy”: One of the smallest of the genus. Often available at an affordable cost. While generally not overly aggressive, they will stand their ground quite well for their size. 2-120ft
C. lubbocki “Lubbock’s Fairy”: One of the smallest of the genus. Often available at an affordable cost. Two variants of coloration. While generally not overly aggressive, they will stand their ground quite well for their size (note Live Aquaria calls them semi-aggressive). 15-125ft
C. rubripinnis “Red-fin Fairy”: Often available, affordable. Can sometimes be mildly aggressive with other Cirrhilabrus. 2-40m
Paracheilinus carpenteri “Carpenter’s Flasher”: Usually available, moderately priced. 2-4 filaments on the dorsal fin, anal fin is pinkish in color and red on the outer part only (AKA “Pink Flasher”). Peaceful with other flashers and wrasses. 27-45m, westpac
Paracheilinus cyaneus “Blue Flasher”: Commonly available, inexpensive. Distinguishable from the P. lineopunctatus via a swept tail (whereas the P. lineopunctatus has a flat tail). Peaceful with other flashers and wrasses. Indonesia, 20 to 114 ft.
Paracheilinus filamentosus “Filamented Flasher”: Commonly available, affordable. Has many filaments on the dorsal fin and has a swept tail. Often have red stripes along the body. Peaceful with other flashers and wrasses. <30fr, most common at 70 ft. Also occurs in lagoons
Paracheilinus flavianalis “Yellow-Fin Flasher”: Usually available, inexpensive. 1-4 filaments on the dorsal fin, anal fin is yellow in color. Peaceful with other flashers and wrasses. Shallow crests to 114 ft
P. lineopunctatus “Line-Spot Flasher”: Commonly available, inexpensive. Distinguishable from the P. cyaneus via a flat tail (whereas the P. cyaneus has a swept tail). Peaceful with other flashers and wrasses. Shallow crests to 130 ft