I don't have a Phil BB, but their wheel hubs spin forever.

As to the most affordable BBs, I have been using them on recent builds without any problems at all. Are they as good as a Phil?, or other expensive model? Probably not. I did replace the new BB on a recent build to reduce the Q-factor.

edit: Maybe someone with more knowledge can expand upon the question of whether the taper angle is different between today's Shimano replacements and vintage Euro spindles. A steeper angle on the Shimano taper might explain the wide Q i found a bit irritating.