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This is for the Shimano Deore crankset (M532) which ive been using for a few years ago. The product was one of the first items i upgraded on my bike due to the old crankset bending! In the end i paid around £50 for the Deore crankset with a Hollowtech II bottom bracket included. A good price i felt. The actual cranks are perhaps not the lightest in the world and the bottom bracket is of only average quality but for your money i dont think you can do much better. I found this winter with some really hard riding the bottom bracket gave up pretty fast, although so did my freehub and hub bearings. They now live on my singlespeed bike with a surly stainless steel singlespeed ring mounted on the middle position of the spider. As most riders are aware SS generally puts more torque through the components (akkk broken cheap chains!) so a nice set of cranks are important. Now I must admit im not a world class rider but i cant feel any undue flex in these whilst standing on the pedals really hard. There is a tiny bit there though! So, if you want good quality kit that wont cost the earth - go for Deore level stuff. Anything lower isnt that great and anything higher is either for something specific (Downhill/TT etc) or will cost you atleast twice as much for something slightly lighter and slightly stiffer.
Shimano Deore is the main manufacturer of biking gear components. With them being the main manufacturer they will obviously more established and well known. Shimano Deore is the better part of Shimano's gearing. They have the SIS gearing which is lower quality. The models of the Deore range is; Deore, LX, XT and XTR. With the kit's getting better as you read them. I currently have a LX rear derailleur. You are probably thinking what is better in the different models. Some people don't really care and they just want the best model they can buy. All of the rear derailleur is covered to prevent and muck and sand to get into it and wreck it. The best part of the Deore range is that when you are going up hill's or you just need to change down a gear quickly, they don't jump, forcing you to not pedal really quickly, this is really effective and less painful. A main rival of Deore is SRAM. All of the SRAM derailleur is grip shift and it's a preference that can only be made by the riders. I have aquired a new bike, and i am in the process of upgrading or fitting new parts on the bike. When i recieved the bike, it had a sram rear derailleur, well that was the first thing to go, and in popped a Shimano sora. Shimano use a one to one ratio where as SRAM use a one to two ratio. Basically for you non-bikers, that means that you can't use a SRAM shifter and a shimano rear deralleur. It don't go. The bike is based on a jumping frame but is adapted towards a trials style. I used a Sora because it is small. Sora is initially based towards road riders but with it being small, it is a smaller target for you to hit against the wall, hence less chance to break.