I haven't read all the replys but.........
......here's my experiences with HF.
IMO, don't buy anything there that uses heavy torquing. I bought a tap/die set there because it was cheap and yes it broke on the first use. A Craftsman replacement set (although a little smaller) was the same price.
The HF air compressor kept tripping my circuit breaker until it finally just died. So, I bought a second one from HF and it died the first day I tried to use it. What pains me is that the same day I returned the second air compressor to HF, I found a larger Craftsman for the same price at Sears! Yeah, they're both made in China but the Craftsman doesn't trip circuit breakers either.
I'll spend a little more to get quality tools because to me, quality means a much safer tool too.
Oh, HF does sell cheap magnets. I'll give them that much.