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@kerley
No they are not. Thomsons (as an example as they were referred to) have a much stronger seat post arrangement and the stems are very solid.
Also finished beautifully, especially when compared to a lot of cheaper items with a painted in your shed look to them.
There is also a healthy market for Thomson stuff on eBay and due to quality it stays in very nice condition even when used so while the RRP is high the used prices are much more reasonable.
Saying that, I do agree that money spent on a better chain set is still more noticeable.