I agree with the concept of "you get what you pay for," but only up to a point. Once you leave the bargain basement and are purchasing mid-range to high end equipment I believe that "you get what you pay for" is a bit simplistic. At the risk of offending every Harley rider on this site, I will say that Harley-Davidson motorcycles are the perfect example of this. I have ridden motorcycles since the early 70s and raced motocross in my teens. At one time, I read four motorcycle magazines cover to cover every month and I used to do all the mechanical work on my motorcycles. During that time, Harleys have never been close to being the fastest motorcycle, the best handling motorcycle, the most powerful motorcycle, or the longest lasting motorcycle. Why then do they command the highest prices and the best resale value? In a word . . . . . image. They sound cool, look cool, and they are marketed as individualistic and against the grain. If they are so against the grain, why is everyone buying them? The success of Harley's marketing is so phenomenal that the Japanese motorcycle manufacturers have tried to copy the Harley mystique with their own big V-twins. None of these bikes perform to the standard set by other Japanese and European bikes but the almighty dollar is what business is about and these bikes sell by the truckload.
Are they the best for the money? If you are a performance afficionado like me, the answer is no way. If you like a solid bike that looks cool, sounds cool, and gets attention then maybe they are the best for you. Are they the best performing bike for the money? Absolutely not. (For years, Harleys have been awesome in flat track racing, due to the tremendous torque produced by the long stroke V-twin engines. This successful performance hasn't transferred well to their street bikes in most instances. The recent introduction of the V-rod in 2002 gave Harley one production motorcycle that could be considered high performing but you can get the same performance for a lot less money in other bikes.)
I think the same can be said for high end fishing equipment compared to some of the best mid-range equipment. The high price doesn't justify the meager benefits received over mid-range equipment. So I buy mid-range rods and reels: $115 - $200 for reels and $110 to approximately $200 for rods. I am open to being persuaded, however.