Personally, I think most of the product differentiation in salt is just marketing, designed to give buyers a perceived product difference, when in reality there is not much.
But, I think the perceived value and price difference is not as much of a factor the smaller the system you have and/or the less frequent you do water changes. If I go through one 160 gallon bucket of Red Sea salt in a year, I probably won't give the price of the Red Sea salt as much consideration vs the one 200 gallon box of Instant Ocean a month I actually use.
If you evaluated the costs involved, more so regarding larger volume systems and higher salt use rates, you will be cheaper in the long term to buy the inexpensive brand of salt and correct any magnesium, calcium or alkalinity issues with separate components.
This would also be affected if you do nothing except water changes, meaning you do not dose 2 part, run a calcium reactor, or dose Kalk, meaning you cannot really compare a 10 gallon nano system doing nothing but water changes to a 210 gallon reef tank that could not operate the same way and has to have separate supplementation via 2 part, calcium reactor or kalk.
I absolutely, positively guarantee you that in my 465 gallon SPS reef, it is much less expensive to buy and use Instant Ocean salt and just dose Randy's 2 part for mag and some calcium chloride hexahydrate from BRS separately.