The best rule of thumb for tools, at least if you have a decent collection of them for diverse but hobby/homeowner level projects is buy the cheapest to do the immediate job and then replace it with an expensive one if it breaks or you use it often and the better version improves efficiency or quality of life.

Once in a while you get “burned” and immediately end up buying two tools for the same job, but if that happens typically you can return it under retail warranty.

This is definitely the best advice I got way back in the day. I have a small collection of very high end tools I use quite often and abuse at least weekly. Or get use out of having the best quality available to me. But the vast majority of them get used a few times over a decade and sit in storage the rest of the time. I have zero use for a $1500 impact socket set. The $150 one does just fine, and I replace the two commonly used sizes I snap apart with expensive high quality versions while the others I may never use even once.

My power drill and impact driver? Best quality I could find and worth every penny. They bring me value just in the joy I get using them over the cheap stuff.