You really do get what you pay for I'm afraid. What you paid for your vise is what a good set of jaws sells for today. I recommend 2 vises to tyers, both with very different price ranges. The Peak Rotary Vise with base sells around $150, made in USA with a Lifetime guarantee. I was given one of these vises from the manufacturer to test, and I was shocked at how nice this vise was. It did everything my tyers could possiby want a Rotary Vise to do.

Then the vise that I have used all my life is the HMH Standard Pedestal Vise, for around $250. Cannot say enough nice things about this vise, especially if you tie streamers and big flies. It also offers 3 different jaws from Micro to Magnum.

Either of these vises will last you a lifetime with no upgrades needed.