I wouldn't say that. The winches that took 1st and 2nd performed great. While the Warn did edge them out (although not by much) it also cost almost twice as much as the others. You do get what you pay for but at the same time this is a good article to show that if you're not out winching every weekend there are some good products like the King One (Mako) that do what needs to be done at a much better price tag.
Only those three winches made it the TWO pulls without failing aside from the Superwinch which went out on thermal overload. Look at the test figures. The two cheap winches that did last were pulling crazy amperage the whole time. Most people would not have the electrical system to manage anything in that range.
Reliability should always be the most important thing. When you need a winch, you NEED a winch. When it dies, your day can turn to crap really fast.
Life is much easier just to spend the $300 or $400 needed for an 8274 and not worry.