I've told this tale before, but the cheap Miche hubs I owned in the '80s were the only hubs I ever had where the spoke ends pulled right through the flanges on the drive side of the rear hub...like a hot knife thru butter! Now THAT's cheap alloy... these were also sold as "Cycle Pro" brand, but often came with Miche stamped on the shell...so in MY opinion they are/were crap, but others find them to be perfectly servicable, if low quality hubs. The track hubs are in another league altogether, hard to believe they are even made by the same factory (probably NOT) and the price for those is WAY above average ($500 pair in Track-Crack addled SF, CA LBS)