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Advice needed for drill bit set

I've had it with my junk boxes filled with mismatched, ancient drill bits.

I'm ready for a full 115 set - fractional, letter and numbered sets.

I know I want high speed steel - HSS - and the titanium coating is good for strength and cooler cutting. I know once those bits are dull, using my Drill Doctor will remove the coating, but at least I will still have a HSS bit not a carbon steel piece of crap.

And there are also Cobalt bits. what is their story?

I don't do any major, constant production work - I imagine even a cheap set will last for many years.

Question is:

Are the $40-50 sets any good? Do I need to spend 2-3 times that for a brand name set?

Any suggestions?

Thanks,

Larry
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