Maybe a different perspective here...
I get it, everyone has a budget and different tolerances for performance accuracy. Some people just want to plink and knock down soda cans, hit paper, have fun, while others are meticulous about grouping measurements, etc.
For me, cheap ammo of any other caliber is tolerable and even acceptable. I am a cheap guy so always want to get more bang for the buck (no pun intended).
BUT...I also have a low risk for aggravation. And I have found that cheap .22 ammo has caused a number of my experiences, with guns both cheap and not so cheap to be extremely frustrating. For me, the price (juice) difference between dirt cheap stuff and average stuff is not worth the squeeze. In fact, misfeeds, duds and even squibs have ONLY ever been with cheap .22 ammo. Some of the quality of the ammo is not just inconsistent, it is outright bad. It is true, different ammo may perform in different guns, and everyone's definition of "crappy" ammo is different, but for me, I tend to avoid cheap .22 , low quality ammo (and I specifically cite Winchester M22, Winchester T22, and Remington Thunderbolt) - just not worth the headache...for me at least.