I've had the XT for over a year, took me through 1.5 winters and I rode London-Paris on it during the summer + all the training. Its just looking like it could do with replacing but has been super reliable and its a decent weight. If your looking for cheap + light weight (but with a bit of gearing lost), why not try 11-28 slx with a alu lockring? Comes in at around 222g
Not used an XT, but I have just replaced my PG990 with an XTR (both 11-32). Not sure the XTR is worth twice the price. Never had a problem with the SRAM - got over 2,000 miles out of it - think it looks better than the XTR too.
I would imagine that the XT and PG990 perform very similarly. They also cost about the same, but the XT is slightly lighter - 20g or so.
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