Well I hate to use the phase "mine has been fine", because a sample size of 2 is quite small
....but mine have been okay.
One of them actually looks *exactly* like the old official Pico I have kicking about, right down to the PCB.
The official Pico is hit and miss
IMO. I've had 2 fail on me (one got replaced). It wasn't even being pushed either. The entire system was
well under 80 watt at the time (it was the 120W unit) and it failed when starting it up. The second one I suspect was age related, but it was only around 4 years old.
It's the power brick that's the most important part. The Pico / clone really is doing a simple job of DC/DC voltage alteration. The clone I had used solid polymer caps and standard R47 fixed inductor (you'd struggle to screw one of these up!), along with a few chips for regulation, diodes and various SMD stuff.
At the end of the day if it blows, it's 12 quid. The chances of it taking anything out are pretty slim
IMO.
For me, I wasn't going to spend the cost of the CPU/Mobo again on a PSU, which is what some of the real Picos can get to. But if you're using more expensive parts, I guess I can understand why you'd spend a bit more. It's all relative.