The efficiency gap matters more than most realise once you factor in the actual cost per watt generated. @MuddyRanger's right to ask — a budget PWM like the Epever 40A will run you about £80-100, but you're leaving 15-25% of your panel output on the table depending on temperature and angle.
For a T5 with 400W rigid panels, honestly I'd stretch to a used Victron SmartSolar 75/15 or even a basic Fogstar MPPT. You'll recoup the extra £120-150 in recovered generation within 18-24 months, and the data logging is genuinely useful for optimising placement.
The real budget killer isn't the controller — it's underspeccing the battery bank. On a shoestring, people cram in a 100Ah LiFePO₄ and wonder why they're rationing power by mid-afternoon. Better to go 200Ah LiFePO₄ or hybrid lead-acid and accept the smaller panel array initially. You can add panels later for peanuts; swapping a battery is