Actually cheaper tire do not directly mean higher chance of aqua-planning.
The width and type of tire, depth of water pool, speed and others affect more on ur chances of aquaplaning.
Imo, a kancil with achilles/linglong 155 width tire can go through water much faster than cars with michelins 245 width tires. A slimmer tires cut through water, fatter tires need huge water channel to cut the tire contact into patches to cut through the water. Bigger contact patch = higher chances of aquaplaning
But that said, a reputable tire brand definitely handle better with shorter braking distance and it get to operating temperature faster than those cheap tires compound that last forever
I had tried using premium as well as cheaper brands such as rovelo, achilles, nankang... to be honest, it work well as long as u dun push it to the extreme like u would push on a re003, ps4, fleva etc etc.
when near accident u are always on the edge. That small edge is life or death.
So I rather spend more on Tyre since this is the most critical part of the car.