Don't confuse cheap with price. You can pay a lot and still not get good value.I'm not sure where you got the idea that PowerEx are cheap batteries. They are priced similarly to the Eneloop, plus they have similar specs and performance. Obviously, there will be some variation from batch to batch, as with all manufacturers.
When I first bought my Maha charger, I also purchased just about every brand of NiMH out there; Duracell, Eveready, Chicago Electric, .... I can't remember them all. It wasn't long and I got the dreaded "HIGH" message on the charger, even though these batteries were fairly new. I contacted Maha; and to make a long story short, they blamed the batteries and replaced them all with PowerEx.
As I started using/testing the PowerEx, I could see they were headed the same way and learned of the Eneloops. Jump ahead a year from there and every battery had reached HIGH (and therefore was unusable) except the Eneloops. It's now been several years and the only Eneloops I've had that reached End-Of-Life are the 2700maH models. I've got 3 sets of 2000maH Eneloops separated by at least 2 years each that are all still going strong.