Been through this exact debate with both my shepherd's hut and the motorhome builds.
Short answer — false economy, at least in my experience.
Burned through two cheap PWM units in the hut before switching to a proper Victron SmartSolar MPPT. The eBay ones had dodgy amp readings, one got warm enough to worry me, and neither actually matched what they claimed on the tin. Lost probably 20-30% efficiency compared to what I'm seeing now.
The thing is, your panels and batteries are the expensive bits. Sticking a £12 controller in between them feels like buying decent tyres then fitting them with poundshop valves.
That said — PWM vs MPPT matters here too. If your panel voltage closely matches your battery bank anyway, PWM loses less. Some folk run small 12V systems where it's genuinely fine. But the cheap eBay part is still the gamble regardless of topology.
If budget's tight, I'd say stretch to a Renogy Wanderer or similar rather than the no-brand stuff. At least there's some accountability there.
Curious whether anyone's had long-term luck with the unbranded ones — maybe I just got unlucky twice? What wattage systems are we talking for those who've stuck with PWM?