I don't know about "cheap", but Strat-style knobs have always looked a bit "busy" to me. I mean, why are they labeled? Are there so many of them that you need constant reminders of which ones control what? If so, why aren't they lighted? It would be kinda like labeling the pedals in a car. If you don't know which is which and why, you're already in trouble and labels probably aren't going to help.
And what are those numbers for? There's no pointer reference. All you get from looking at them is... "Hey! There's numbers on these knobs! I wonder why?"
On the plus side, 82 bajillion guitars have those knobs on them, so it's not like the design jumps out at you and demands attention.