Patek Phillipe > Rolex
Good players don't need or use expensive cues. It all depends on what you want to get our of your experience with pocket billiards. Are you a player or a collector? I haven't known many who were BOTH. Mike Surber (RIP) was a cue collector and a brilliant player, but that is the exception rather than the rule.
And anyone who tells you that the "hit" of a "custom" cue is far superior than that of a "production" (gasp) cue, well, they're telling you a lie, or they are repeating something they've heard - but they don't truly play good enough to be qualified to express a knowledageable opinion. A good Schon, Meucci (yes), Predator, Mezz, Joss, Lucasi, Scorpion, Cuetec, Nick Varner, or Fury (I don't know them all) can hit as good as any $25,000 cue you can buy...maybe better. I know a guy who has an original 60's JOSS who prefers to play with an "Action" Sneaky pete...and that cue does play jam up. There are some bad hitting production cues and some bad hitting custom cues. The key is that you like:
1. The balance
2. The taper (butt/shaft)
3. The tip
4. Stability of the construction/wood.
There are some other factors that will affect what you may like or not like about the playability but those are the biggies.That is it. Those affect how you are going to like the playability...not ivory inlays or design.
Some of these posts are coming off as insulting and I would just say don't insult guys who like to spend big bucks on cues. If you can't afford an expensive cue but really want one, then figure out how to make more money so you can afford one. Don't talk trash about those who can, acting as if they're unintelligent for deciding to buy cues. Guess what? They're very intelligent. Most of these guys are successful millionaires who might spend a million on their cue collection, but that million might be like an average person spending $5000. It will mean something, but it would'nt make or break you if it went up in flames.
Everyone doesn't get into the sport at an early age and may never be more than adequate as players. Building a cue collection is something they can find enjoyable, develop relationships with cuemakers and other collectors, and make a name for themselves within our little world and that is a good thing. If it makes people happy, then it is good!