Well, it depends.
Generally, an expensive hub will be lighter, smoother, better constructed and will feature more points of engagement and better bearings.
The difference is specially noticeable when we're talking about rear hubs. M-525 is a very unreliable hub beacuse of its freewheel mecanism, which is basically...crap. Rear Xt is a great improvement from a M-525.
Shimano use cup-&-cone bearings, which some people dislike; but they're cheap and easy to service.
Front hubs, IMO, are basically the same, some may be lighter and roll better (it's very diffcult to notice drag on a hub), and some may feature better seals and bearings.
Hope's are more expensive because they are better manufactured, use sealed bearings a better freewheel and are fully serviceable.
IMO XT's are a great for the money.
Generally, an expensive hub will be lighter, smoother, better constructed and will feature more points of engagement and better bearings.
The difference is specially noticeable when we're talking about rear hubs. M-525 is a very unreliable hub beacuse of its freewheel mecanism, which is basically...crap. Rear Xt is a great improvement from a M-525.
Shimano use cup-&-cone bearings, which some people dislike; but they're cheap and easy to service.
Front hubs, IMO, are basically the same, some may be lighter and roll better (it's very diffcult to notice drag on a hub), and some may feature better seals and bearings.
Hope's are more expensive because they are better manufactured, use sealed bearings a better freewheel and are fully serviceable.
IMO XT's are a great for the money.