As I've said, the irony is that the only major 'failure' I can recall was that of an expensive Fluke, which failure was identified/confirmed by comparison of readings with those from a number of very cheap other meters
Mine was a Sinclair early digital meter, back in the days when they were the only digital available for less the £100, which I had bought as it was a bit smaller than an AVO 8. It was showing the SP mains voltage as 150 volts, it had suffered from damp. I was lucky, I still had the AVO 8 in the car.
The absence of calibration certificates is not really relevant (other than for 'bureaucratic' reasons) if the readings are always close to those of 'expensive comparators. As for 'build quality and cost, I have plenty of (increasingly!) cheapo ones that are still functioning satisfactorily after many years/decades - and if a replacement would cost maybe 5% of the price of a mid-range Fluke, I'm inclined to regard that (for me) as a "no brainer"
No great surprise really that they are so accurate, 1% and better components, that they rely upon in the build, are much more available and no longer expensive. It's the tolerance of components, which sets the basic accuracy.