I have been pleasantly surprised by HF. I purchased the Warrior 115 piece Cobalt drill set (high-dollar sets can run a thousand bucks or more) and while crudely finished, they drilled just as well and lasted just as long as the big buck name brand cobalt drills I had. I just needed another set. Recently, I had to drill a bunch of holes in hardened steel and I needed two 21/64 bits so a helper could work also. The high-dollar bit did not do any better. Looks pretty but did not cut any faster or last longer. The HF bolt extractors work well too. Other tools such as wrenches, drivers and such have been okay. The anvil is not so hot. Too soft for serious work. I have not tried any of the power tools. If I need something for occasional, light to moderate duty, HF has worked out to be okay. I used to be a Craftsman guy but ever since China took over the manufacture, the quality has tanked.
For what it is worth, I recently read an interview with the CEO and he said that HF takes customer reviews seriously and when a problem arises, the company tries to get it corrected. He said that the company does not want to get a bad reputation for selling junk. That is not a good way to stay in business.