I run cobalts at my home shop for all the common sizes, such as 3/16, 1/4 etc. Generally have HSS for the other 160 or so sizes.
At work (aircraft Sheetmetal guy) pretty much all cobalt.
Drill bits are a tool like any other, and in short, you get what you pay for. Sometimes it is money well spent to have quality, and sometimes, especially for limited use, the cheaper ones are fine. Even at that, I like to still buy quality.