I have schmelke butt that I use with a pechauer rogue shaft. The butt is one piece of bocote. It's nicely figured, straight and the 3/8x10 pin is straight and centered. That's about all I was expecting with the purchase for the price and very happy with what I received.
The finish was fine, but I like the feel of a CA finish and refinished it myself when I received it.
In fairness, the style of butt I purchased had very little that could go wrong with it (no wrap, no points, no rings, no inlays).
Like anything else in life, you need to know what you're buying and have reasonable expectations as far as value and quality based on what you're willing to spend.
I wouldn't hesitate to recommend them to anyone on a budget for a wrapless cue that has fairly simple tastes and reasonable expectations given the lowish price.