Headlamps; worth dishing out a decent dollar for or nah?

I was going to buy a cheap one until I was out with my buddy and he had a really good one, it lit up the whole area we were in and it had different light modes for dimming and different colours of light. Its making me consider getting a comparable one.

Theres one at a MEC near me that runs at around $100 CAD with taxes, which if it lasted a long time is worth it. But at the same time if I can get one for half the price that had a few less features I'd be happy