If a torque wrench can consistently deliver 98% accuracy within 80% of its torque range then, there's no problem. That's what I'd expect from a micrometer style snap-on torque wrench.
The ones you get for $50 will be 96% accurate but only within the very middle 40-50% of the torque range, and it'll only do that a hand full of times before it starts to go wrong, leaving you either wildy over-torqued or under torqued. And don't think you can get away with not calibrating them yearly just because you don't use them that often; torque wrenches are like oil. Even if you don't use it, it's still a good idea to get it calibrated regularly.... especially if its a cheap unit prone to break to begin with.
$150 is not an insane amount to spend on a high-quality 3/8 drive torque wrench that you'll have for the rest of your life.
http://www.ebay.com/itm/SNAP-ON-TOO..._Automotive_Tools&hash=item35c351df45&vxp=mtr