Overall, it's not a bad philosophy. But I can think of a couple of complications here:
- For battery-operated tools, standardizing on one system means you can buy a handful of pricy batteries and share them among many tools. Batteries wear out, and eventually need repeated replacement. And only needing to replace, say, 3 batteries from a single brand is convenient.
- A lot of times, it's possible to buy medium-quality tool sets (say, hex wrenches) for less than $100. I'm literally going to use many of them as long as I live. Why not spend $70 and get something halfway decent, instead of the $30 junk?
- If you're doing a big project (refinishing kitchen cabinets, building a deck, etc), that can easily justify spending a few hundred dollars on a quality key tool. A quality drill/hammer driver pair is game changing, for example. Saves countless hours compared to my old gear.
I had Craftsman power tools until battery replacements were only available from fly-by-night companies and a couple of the tools started failing (after 20 years). I wound up buying a couple of DeWalt tools on sale and they've been rock-solid. So I added a couple more as needed. I tried a Ryobi line trimmer a few years ago, and the battery system failed within two weeks. So I took it back and paid $50 extra for a DeWalt version that has run flawlessly. I could save some money by buying less-used tools from a second, cheaper brand. But that would double my battery replacement costs over the next 20 years, and I'd need to do more research for each purchase.
So sometimes a set of "79 auto tools for one low price!" is a good move. And sometimes, mid-to-high end homeowner gear or even a contractor tool is worth the money.