OK -- you have that right. For me, I probably use a 1/4 ratchet 1-2 times/yr. I do all my own maintenance, car audio, etc. Typically, if it's 1/4", I use a driver instead of a ratchet. For this reason, I personally would never spend $50 on such a tool. This is my own personal reason. My $10 Craftsman has lasted 15+ years now, and still looks new. If I were a mechanic, and used this tool daily or weekly, I would probably feel different.