The subject of cheap vs expensive oils has come up before. I took a fair amount of time to look into it and post some info:
Link
From what I remember, outboard manufacturers were having to do a great deal of warranty work for people who used the cheaper brand of TCW-2 oil. This was because the TCW-2 spec was very loose on a handful of critical parameters and allowed makers to cut corners.
As a result, the three major companies (Merc, Yammy, OMC) got together and generated the TCW-3 spec, which was adequately tight on all critical parameters. I run the cheap TCW-3 stuff and don’t think twice about it.