It's cheaper, but made good enough is the main thing. The Steelmax and
Morse 14" saws appear to be the same except for the trigger switch, but
cost more and seem to have about zero distributors that I can find.
Without doubt, these all roll out of the same factory- I've looked at a
steelmax saw in person and examined the parts diagrams from the Morse one.
It clamps and cuts straight, and the frame is better than what you'd get
on a most abrasive cut off saws which are mostly just bad sheet metal
stampings.
I still tore mine down after getting it to pack grease into all parts of
the pivot and the rollers that open the blade guard. It actually feels
nice now and has less slop. I've used some smaller Evolution saws, but the
issue is the smaller clamps wear out or slip. The thing is no work of art
except in how they designed cost out it, but it's still solid.
Northern has a similar model that's apparently even cheaper at $240 with
free shipping- #46461, but there's way more sheet metal vs. castings and
you get 1 year vs 3 years of warranty. I can't imagine the hassle of
boxing and sending the thing anywhere for warranty work though. They did
toss in a set of spare motor brushes in the box though.