Not a professional, never worked in a production, jobbing, or other machining job here. From my perspective, I agree with ki4byz. I've got two of the 1" travel Chinese indicators that I've used more than anything else. They've worked fine for the last 10 years. If they're not as good as the big names, I wouldn't know it. I do have an older Federal 1" travel as well. I bought it in lightly used condition for about the same price as the new Chinese. It does seem to be a slightly better (bigger face) quality, though it has a tendency to stick more than the Chinese indicators.
I also bought a used Starrett No. 196A back plunger style in the case w/ all the accessories that ended up being kind of a waste of money. It cost more than any of the others, it has very limited travel (don't remember how much, maybe 0.100"?), and it sticks so bad that it hasn't been out of the box for the last 8 years at least.
I also have the 0-15-0 test indicator of Chinese make. It's 10 years old, and has never missed a beat. I use it frequently, but I'm under no illusions that it is as nice as an interapid or other fine make. Some day when it fails, I'll replace it with something nicer. I do notice that the needle will jump 0.0005" when I change direction when I'm lining up the vise. That would probably drive others nuts, but I'm used to it?
I think a good base is more important than the indicator. I bought a cheapie when I started machining. The cheap plastic knobs broke off the first week. I made some knurl nuts to replace them, and got by that way for over 5 years. It was always difficult to adjust and just plain hard to use. I finally got tired of the frustration and bought a Noga. It's night and day difference! If it was me, I'd save the money on the indicator and spend it on the mag base and holder!
Jim