The lock is not worth much if the sear nose crumbles before the first shot.
I get the feeling that on some of my locks the cast in dimples were used to locate the drill bit. I would also guess that drilling the holes in one step (drill bits love to cut over-sized) would account for the sloppy threads. I also get locks with warped plates and a long list of other issues. They are a lot like working from a precarve, 90% inletted kit where I spend more time messing around with built in errors that it takes to start from scratch. Like I said before , I would pay double for a quality lock, say $300+. Avoiding the frustration and disappointment would be worth the cost to me.
Since I do not have the drill jigs, reamers, and other specialized tools it takes me much longer to assemble a lock that the $40 would justify. I only see about 1/2 hour in the some of the locks I have had to rework assuming are using jigs and are tooled up to do the one thing. If they are using cast in dimples to locate screw holes and drilling the tumbler hole, that might explain why it only costs $40.