Ran three of the cheap eBay specials across my van build, my cabin setup, and a mate's motorhome — two died within a season and one lied through its teeth about the charge percentages so convincingly I nearly killed a brand new Fogstar lithium.
The maths just doesn't add up when you factor in replacing them every 18 months plus the potential damage to your batteries. A Victron SmartSolar MPPT isn't cheap upfront, granted, but it's been rock solid for two years and the Bluetooth monitoring alone is worth it when you're trying to diagnose why your setup's behaving oddly at 6am in a field somewhere in Wales.
PWM vs MPPT is almost a separate argument — PWM controllers in general are fine for smaller, simpler setups where you're not chasing every watt. But cheap PWM is where it gets dicey. The decent ones from Renogy or similar at least have some quality control behind them.
The real false economy question is whether you trust a £12 controller to protect £300+ worth of battery.
Anyone actually had a long-term positive experience with the budget Chinese ones, or is it always just a matter of when rather than if?