Looks kind of annoying and a potential snag magnet.
I think going for a cheap one may prove a bad idea, the cheaper one would probably be less comfortable/poorly designed.
It also depends what you carry in your admin pouch. 3/4 of people have admin pouches for the velcro so they can throw on morale patches. I use mine to keep a small sheet and a pen for age verifications, a radio freq/CTCSS cheat sheet, occasionally a small map if needed, my car keys and a mouthguard. The latter probably wouldn't fit too good in the armband.
PS. Groombug, that avatar seems very fitting somehow (OFP flashbacks)
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