In many cases, it would smoke just like a $40 pipe, all other things being equal.
So now that the dark area showed up it doesn’t smoke ok?
I wouldn’t get too hung up over price and name brand. As long as it smokes okay for you, then you’ve got your money’s worth. More expensive pipes will have pricier adornments, better looking grain, better shaped buttons, etc., but will smoke about just the same as a less expensive pipe.
If I was budget conscious, i would (and have) buy a Morgan Bones pipe. $50 + shipping. Best low end pipe on the market as far as I’m concerned.