To be analytical, my guess is the price difference is often larger than the difference in function.
So if money is key, go low budget and stand proud!
But...
Who wants a hobby where the only things that matter are practical? Things like function and price.
Where there is no accounting for beauty, choice of options, whimsical choice, bragging rights, snob appeal, exclusivity, being different, picking your bowyer, convincing yourself you have the "best" bow ever, making your self bow, or whatever gets you going, etc...
At least for me it's all that kind of "non-practical" stuff that provides much of the enjoyment.
BTW - Brackenbury Bows are worth every penny. Why? Because I like the two I have. (And that's reason enough)