Go for the cheap one
We have 4 or 5 in our farm shop, and after 10 years of use, they are all still working. We have two high dollar ones, and cox reels and a reelcraft. They were around $350 each. We also have some of the cheap HF type spring rewind ones, and they still work fine too. The biggest difference is the quality of the hose.
Go for the cheap one, and replace the hose with a good one in 6 months or a year when it starts to crack.