Whether a fancy ratchet is worth it depends a lot on how much you use your impact wrench. People tend to buy high end versions of the tools they use the most. There's plenty of professional roofers who have a $400 nail guns that weigh nothing and a couple clunky old HF framing guns on the truck. An electrician probably has a pawn shop or harbor freight hammer drill. The plumber probably has a nice hammer drill.
But if you're a young guy just getting started in a trade, and you can choose between a cheap socket set plus two dates with your girlfriend, or a premium socket set? 9/10 guys would choose the former.
It's usually either American, Taiwanese or Chinese, and a reputable shop like Angle Repair, for example, absolutely will not touch a Chinese torque wrench, and might only ever touch a Taiwanese torque wrench if it's a warrantied item on one of their supported brands, and probably only with some arm twisting on the part of the vendor they're doing warranty work for.
I still buy some Harbor Freight tools, especially if I only need it for a one-off job, but the higher-end tool names are often genuinely better, not just higher priced.