I always buy the very best tools I can afford. I'm a Hydraulics technician by trade and ONLY buy Snap-on tools.
With the exception of "designer" goods, there is usually a good reason for the difference in price. Weather it's the materials used or how those materials are treated. For example the Vergez Blanchard pricking irons are hand forged (hardened) steel, allowing the tangs to stay sharper longer. I doubt Tandy stuff is anything near that level of quality.
If leather is something you plan to work with for a while, I'd buy quality.
IMO.
I may have veered off topic slightly, but it fits the expensive vs cheap argument.