It's not a status thing, and a mistake is made if it is considered to be that with your equipment, rather than realistically matching the tool to the task at hand. I prefer Lee aluminum moulds and they are very good if you use them within their limitations. The Lee bullet sizing and lube systems are also well designed and easily get the job done. Their custom mould orders provide an opportunity to get styles in six cavity blocks that are often unique and not otherwise available at reasonable cost, but that has gone up I understand. They are an inovative company, but there are limitations often associated with inovation and family owned.
I have one or two Lee die sets around and they are not in use as I also have RCBS dies for those cartridges. Just a preference, and what persons new to the hobby don't often consider, is that later preferences are often in large part due to what equipment you start off with. With RCBS and Dillon you only buy it once. It's often easier to add to a system than mix and match.
If you are in to it for a long term, the investment in more durable equipment will eventually pay off. If short term needs are what's being tackled, then the long term durability may not be a significant concern. The dilema that often arises is that folks starting out don't know that they will end up spending that much time on the hobby. Kind of like the saying "if I knew I was going to live this long, I would have taken better care of myself".
Now buying used equipment that has a lifetime warranty isn't such a bad investment for a new person just starting out. Later the stuff won't often sell for any less than what it's purcahsed for used, and if it breaks then it easily fixed or replaced free. It's like that old oil commerical, where the mechanic says pay me now or pay me later.
Like the others above this have said, buy the best quality you can afford. Like many other things, durable used equipment is often a better buy than new equipment of lesser durability and support.
But there is also specialized needs where that equipment is not available from those providing the long term support.