No cheap jacket I've bought/used has performed anywhere near as well as my Gore Alp-X.
It's not perfect but it's good enough that I wore it continuously throughout the Bryan Chapman 600 last year which went from a chilly 6am start, sideways rain and 30kph wind in the Brecons, sunshine in Barmouth, chilly evening ride over Pen-Y-Pass to Menai and back to Dolgellau, morning hail over Cross Foxes, sunshine to Aberhafesp, afternoon drizzle to Knighton, sunshine in Weobley and to Monmouth and then downpour to the finish. I overtook plenty of people doing the "Goretex1 Dance" (faster people stopping to remove waterproofs, overtaking me, and then stopping again 5 minutes later to put them back on, off, on, off, on, etc).
It's not just about the jacket, it's also about the choice of base layers and jerseys you're wearing underneath it. I sweat like a very sweaty thing (even without a jacket on) so I don't expect a jacket to magically stop me sweating, but it's good enough that I can ride for 40+ hours in the same jacket in temps from 0oC to 15oC and not feel uncomfortable enough to want to remove it.
I also use the 'chilly for the first 10 minutes' maxim to try and make sure I'm not overdressed. If you're warm enough without your jacket on then you're going to be too warm if you stop to put it on and don't remove one of your layers.
I won't guarantee that an Alp-X will work for anyone else, I seem to be less 'sensitive' than others, but I'm happy that it works for me.
1. Not specific to Goretex, it could be called the "Waterproof dance", I just heard it first as "Goretex dance"