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Yes, there are tangible qualities to higher end tools. The bigger question to ask yourself is does it make financial sense to purchase them. I mean lets be honest, most people can use HF or no-name stuff and won't put enough use in them for it to matter. Others will destroy a cheap set in no time.
I have broken everything: snap on, mac, matco, proto, craftsman, stanely, hf at some point or another. Although the cheaper stuff tends to give up easier. I have a pretty decent tool collection and most of it is craftsman. This decision was made mostly due to there being a trade in location (Sears) close by and wanting that accessibility. Now I think Husky at Home Depot does on site exchanges and Lowes does with their house brand as well.
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