Ive been happy with some of the stuff that i get from HF.. It depends on the use of the item..
We used the stud welder for one body work project and it worked good for the weekend..
Ive been Extremely happy with the 3 ton Yellow Floor Jack, Works better than my freinds Craftsman!
Breaker bars, impact wrenches, Trail Tool Set, and Pry bars are all just fine!
If your using the tools everyday to make money, you want the good stuff, but for us weekend warriors and part time wrenchers you can get by just fine with cheep china crap!