I'll start by saying this, everyone has a different opinion in the matter, my cheap chain was a pain in the ass, always dry, and I could never keep it adjusted. I rode my bike everyday rain or shine and maintenance was needed every week to keep it lubed so I got slack on it, one day the chain had a hard link and busted my cases coming around the drive gear.
The chain was a WPS chain, I have since put an X ring chain 100 link on mine(1973 CB 750) and with normal maintenance it has lasted me two years and shows no sign of stretching, binding of wearing out anytime soon. I would have to say the chain I bought was twice the price of a cheap chain but a tenth of the work maintenance wise. Are you planning on replace the sprockets at the same time?
