The problem I had with the cheap ones wasn't the calibration (i.e. the accuracy). The precision was atrocious. One of them was so bad that I could stick it in the bathroom, steam it up and it still read only 50% or so. The driest I could get it to read was 45%. I drove myself nuts for a week trying to figure out why I couldn't dry my space out. The space was bone dry, around 30% when I brought a real meter in.
I guess what I'm saying is even if you buy a cheap one, at a minimum just at least make sure it actually reads something before trusting it!