Ghost,
All well and good, but he came here asking for advice and feedback on some items he was thinking about buying. Well, he got them. It seems he had his mind made up already about what he was going to buy and perhaps wanted some affirmation that he was doing the right thing.
With few exceptions, the words "inexpensive" and "long lasting" do not go together in the gear world (his exact phrase was "something around 50$ with good utility that will last me a while").
Though the materials might be inexpensive (Cordura being about $6 per yard, a few cents of thread and a couple bucks in webbing and hardware), the expense comes in teh labor and the building/design and quality control.
It's real easy to use 600 D nylon "Codra", cotton thread and someone who doesn't give a rat's ass about what they're making, as long as they get their bowl of rice for the day. So then you get a vest that costs like $8-10 to make, and it sells for $50-$60 + shipping from Asia. So, you're up to, what?, $80 or so?
As Ganef pointed out, for only a few bucks more, you can get something made here, out of real Cordura and nylon thread, by a company whose livelihood depends on making quality GEAR, not some sewing factory who is turning out whatever is currently popular.
If you can find one, the South African P-83 vests are/were one of hte best deals and values out there for AR or FAL/M14 users. Alas, they don't work well with AKs.
So, since he came here asking advice, he got it. And decided on something.
Gear is like that Fram Oil commercials: "you can pay me now, or you can pay me later...."