I have just sold my titleist 983k and now have no driver just an old rubbish 3 wood to hit long shots (200yrds+). However i was thinking of replacing it for a new one maybe the callaway 450x or the ping g5 as i have some spare cash. However should i maybe instead just buy a driver?

What does everyone think is more important a driver or a 3 wood?

and most importantly

Is it still possible to compete with only a 3 wood?