I'll start by apologizing if I am being TOO redundant (both these restaurants have been commented on recently), but I feel like I owe it to chowhounds everywhere and to these places to post my thoughts based on very recent visits.
Re New Green Bo: I've been there three times in the past two weeks (had never been there before) and am now among the converts. Favorite dishes include crispy eel, yellow fish with seaweed, the dumplings, several other items. Some of the best Shanghai Chinese I've ever had. And then there is Lou (Liu?), the oh so friendly waiter with the ready smile who already calls me by name. Like a lot of converts, I suppose I'm even a bit zealous about this place. One quick question to NGB veterans: my wife and I noticed the other night that several patrons ordered the fish head soup, which came in a big crockpot, bubbling away. Very interesting looking dish. Anyone every try it?
Re La Palapa: Last night was our second visit in a month, and it was better than the first (which was quite good to begin with). Our friend Dan had the skirt steak, always a winner, and Maureen had the meatballs which she quite liked (especially with the really yummy rice and beans), but I thought they needed salt. I had the great good fortune of following our waitress' advice and ordered the pork chop, which really knocked us all out (a destination dish to me). And again I was impressed with the room itself. Three beers, one appetizer (spicy guac and chips) and the three main courses with two extra sides were just over $80. (I hasten to add that Maureen and I are long-time acquaintances of the two ladies who own the joint, Barbara and Margaritte, from their days at Telephone. We would like to see them be successful, but not at the cost of posting fluff or hype. We think very highly of La Palapa and would no matter who owned it.)
I think these two restaurants are among the best examples of world-class food at very reasonable prices right here in good ole NYC.