There's a reasonable price for everything. "You get what you pay for" is true, up to a point--beyond that you're just paying an artificial premium.
I don't believe that most of the porsche parts out there in the aftermarket are worth as much as they're selling for, but this one is definitely on the cheap side of things.
You're almost guaranteed some combination of the following:
1. Made in China, copied from some westerner's design.
2. Poor fitment (warped flanges, poor quality control, cold welds, etc.)
3. Poor long-term durability.
4. Minimal engineering work done to ensure a benefit.
5. No product support.
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