I think that one part of the answer to this question is how do the subs behave when driven hard. For most subs, when the coil isn't pushed too far from center in the magnetic gap, and there isn't any other aspects causing nonlinear performance such as induction-induced distortion or maybe time domain problems from suboptimal porting or mechanical noises such flutter noise from the surround, I don't think you could tell a super-expensive sub from a cheap one (as long as the subs don't stray out of their intended bandwidth). But the compromises of inexpensive subs make the circumstances that they can retain that very high-fidelity playback dwindle as the price goes down. For example, the $270 Dayton SUB-1500 can sound pretty good, but just don't push it too hard, especially on content with real energy below 40Hz. The basic mechanism of the electromagnetic motor is the same on all of them (until someone makes a sub using a plasma arc as a bass transducer) But all those compromises add up.
As far as qualitative playback goes, I wouldn't even pay much attention to CEA-2010 burst numbers. Despite its distortion-limited thresholds, it really is a measure of sheer output. Subs can have a very different sound despite hitting the same CEA-2010 numbers. For example, CEA-2010 does not do a very good job of registering port noise as a noise limiting factor, so a port-noisy sub can hit some pretty big numbers, even though it doesn't sound great when nearing those numbers. A surprising amount of flutter noise from the suspension can get in there too. And CEA-2010 permits a lot of distortion before the results are invalid, about 40% THD. And what is the composition of those distortion products? For example, third-order products sound a lot different from fourth-order, and would be potentially be more audible, especially on music, yet the limits permit 5dB greater third-order products than fourth-order. Do not use base CEA-2010 numbers as a qualitative metric!
But this is all just talking about performance. Most expensive subs are luxury products, and you face an upcharge for things like nice finishes, higher build-quality, elaborate packing, and extensive feature sets. For someone who is just going to shove their sub in the dark corner of a mancave, none of that stuff matters very much. But if you want your stuff to feel like they have some substance and want to keep your room looking nice, it's a worthwhile expense.