I've had both, the Chinese cost me a few hundred bucks, not even that cheap, the iron cord twisted on it one day and blew the circuit board out.
If you're a hobbyist, fine by all means buy cheapo stuff but don't think it comes up to the level of Keysight.
I don't know any Chinese brand irons costing few hundred bucks, so I presume you meant a Chinese made international brand one. Then that must be a Metcal.
I have a Metcal died for no reason, and I'm aware it's not visually appealing on the internals since I've also tried to fix mine.
But people don't buy a Metcal for reliability or quality. They buy a Metcal for the performance
Inductive heating gives superb thermal recovery, better than all stations in the same price range.
I keep three stations for small, medium and large jobs. A $1400 JBC Nano with tips, a $700 Metcal with tips and tweezers, and a $1200 JB Heavy Duty with tips.
That's how I rank Metcal in terms of performance, and you can see the value of the Metcal compared with much more expensive competitors.
As for Keysight, just search the word "Keysight" posted by me, and see how they fail repetitively. Here's a brief list of Keysight fails on my limited collection of Keysight gears:
1. MSOX3104A, failed to boot, NAND corruption, sent to repair once.
2. MSOX6004A, booted fine but randomly crashes, sent to repair once, reflashed by myself twice.
3. MSOX6004A, power supply made hiccup overcurrent noise, sent to repair.
This is the fourth fail of the same unit within 2 years.4. MSOX6004A, came with DOA logic probe, new in box.
5. U1461A, came with two sets of DOA ultra-fine probes.
6. U1461A,
tried to kill me with a faulty input mux. Probes were at high voltage, displays 0V, unit replaced.
7. U1620A, CH1 had ~0.2 div bias regardless input range, replaced.
May I remind you that those are not cheapo. The MSRP combined, with software options I have, sums up to $70k.
Putting my tin foil hat on, I even think those are just FUD movements by KS to force their customers to buy warranty extension services.
I know it is not, since the stupid NAND problem is actually under free repair regardless of warranty, but still it's not good impression.
Luckily, Daniel and other kind people from KS are extremely helpful, but that's only in US. I've heard news from India and Saudi Arabia that the service there are not nearly as good as it is in the US. So it's a YMMV thing.