I've got a mountain equipment "Lhotse" and it's been brilliant. Defiantly not the cheapest option but it's done a lot of work and still looks as new. Even done a 24hr hiking/orienteering event in Athurs Pass and it was wet (sideways rain and sleet, not to mention the wind) for a lot of it and it kept me dry.
You cant really compare a lot h&f style brands to the of Arc'teryx, Patagonia, ME and the like but it depends on how you are using it and how often you are going to be using it. If it's only for emergencies then you can get away with something cheap but if you're going to give it a hammering and expect good performance them you will have to spend more.
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