by Chief
The expensive ones run $2-4 a bottle, depending on where you get them (most are only at Hobby/Gaming stores)
I used the cheap stuff for a long time - and the joints always killed me. Then I started using Model Master and liked how it looked when it dried (too watery when wet, though - lots of drips & smears early on for me.) Then I found Tamiya and Citadel at Hobbytown USA and have been hooked ever since. They go on smooth, dry with a nice finish, and I rarely have to seal my customs any more. While they don't have the thousands of colors that the Folk Art, et. al., have, the consistency of the paint and the way it covers makes up for that.
Another thing I noticed with the cheap brands - since I had to use multiple coats to get coverage, and I often found tubes dried out before their time, the extra $$$ for the "quality" brands aren't that much considering the tubes of cheap stuff I've had to throw out, or paint over and over again.
Occasionally, I still get chips on the joints with the high-end stuff, but that's a result of my "speed painting". If I take the time to sand them down, then use thin coats (like you're supposed to anyway), I almost never have a problem with chipping - and again, that's without even sealing the fancy stuff.
I've actually held off on mixing the high-end brands mostly. The cheap stuff I mixed all the time, but it's rare when I do any mixing with the expensive stuff. And when I do, I'll mix colors from the same brand. The consistency of the paint is different from the Apple Barrel, etc, so I don't know if they'd mix well or not - I kinda doubt it.