Purely because JHS's regular line is worth what they go for. I have a couple of their $200 pedals and some of the utility boxes like the splitter and buffer. All worth the money.
These probably rule, but I would rather pay more and get the full thing. It's not like $200 is that expensive for a pedal anymore anyways. That's the going rate for a serious stompbox these days. That's not even considered boutique anymore. There are still some "pro" pedals in the $70-100 range, but the standard for "mid level" pedals has been $100-200 for fucking ever now.
These also excise features from the "full" models. I would be kind of interested in the chorus if I didn't have one already, but the JHS Emperor Chorus I already have has more features.
The pedals probably rule though. JHS makes good shit, and the dude who runs the company is awesome. I think this is a great buy for the audience he is trying to cater to. He's pretty open about that. If you are just out of high school, yeah, the $70-100 pedals are for you.
Anyone here though, I would just pay a bit more for the full thing.
Normally I would agree because I always buy expensive gear. But I do not picture myself using a fuzz pedal often. Its more of that I am curious to have one and see what I can do with it.