As long as you have a standard to set and compare to, the biggest difference I've found in cheap vs high dollar tools ( I have both) is ease of use, visibility of markings, smoothness, finish. I've used an 18" Crescent wrench as a makeshift caliper before and 2 framing squares also, the 3 foot long Harbor Fright caliper is lots easier to use and doesn't require 3 hands to use and measure. I imagine Starret makes one too, but $12.00 vs 320.00.....