I asked the same thing, online vs. LDS on this forum several months ago, prior to purchasing any gear. Leisure Pro is a twenty minute subway ride for me, my local dive shop is about the same, maybe a little longer because parking in Hoboken can be a nightmare.
I took the advice of not purchasing BC, Reg and computer from LeisurePro (specifically LeisurePro, because I could go in and kick the tires). Other than the advice I got off this board, I had a couple experiences when visitting LP that stirred some concern. Now, keep in mind, I have bought a fair amount of things from LP (walk in, not online), but things like UK lights (which, comes with the manufactures warranty), fins, clips, a dive bag, etc.
This is what stirred my concerns:
The guys at LP are all very nice and helpful. But, ask them if they dive. The answer will be "Once, in the Florida Keys" or "No". They are not divers, they are discount retail. They have all been to Israel, but none have been diving in the Red Sea.
Although I had a similar experience there in February, I had this one a couple of weeks ago while buying a hooded vest for a trip to some colder water. Two of the customers in LP were from Minn. and had been diving cold water for years (10+ each). They had never seen prices so low on specific equipment as they had at LP. The one gentleman had come to purchase a reg, swore it was too cheap and left without buying it... but he purchased some stuff while he was there. It was kind of an endorsement. Both these guys were very friendly and answered all my questions. Neither purchased regulators.
As stated above, LP doesn't offer a manufacture's warranty on some of the things they sell, but rather an LP warranty which "is the same".
Last February when I posted my question somebody replied with a link to a manufacturer. Stated right on top of the manufacturers page, in bold italics was:
"Liesure Pro is not an authorized dealer of XYZ Corp."
Although, LP carries a full line of their stuff... How?
I asked my local dive shop manager (who certified me... to dive that is
and he told me:
LP calls dive shops that keep small inventories and offers to buy quantity through them so both stores can receive the volume discount." This is apparently why the warranties aren't honored. Supposedly they also call dive shops that are going out of business and offer to buy their inventory. Sound business practice for their business model, but buying "Life Support" equipment under such a guise worried me.
That being said. My local dive shop. I purchased our regs, BCs, my computer and a custom mask from my LDS. I'll probably purchase a second computer (although they only carry Suunto) and a pony from them in the next few months.
Immediately before a dive in Dos Ojos Cenote, a pin fell out of my Octo and my Octo began to free flow (still on land). Nobody had ever seen this happen before, and the 'gear technitians' at the dive operator 'fixed it'. (I didn't go below 45 feet the rest of the trip, all OW dives) After the trip I took it to my dive shop, they expressed intense concern, and gave the reg a full once over right there. (Hoboken Dive,
http://www.gohdc.com). They removed the pin, checked what held it, compared the spring pressure to a reg etc. When they were done, they showed me my Octo next to an out of the box one. They looked the same. Hooked it up to air, appearred fine. I don't think you can get that type of service from an online retailer, certainly not the face to face, which, quelled my fears.
When I we went to the Galapagos, a little plastic piece fell off one of our BCs... it looks important (we both have Sea Quests, and the piece says SeaQuest.. we don't know where it came from). It looks important, but we spent an hour looking for where it could have come from. Once we determined that it wasn't preventing inflation/deflation, we continuted to dive. I haven't brought the BCs or the piece in, but I'll bet they service it immediately for free.
My wife's custom mask lens (magnifying, not perscription) began leaking after about 10 dives even though they tested the mask. Again, I'm sure they 'll fix it when I bring it in this weekend.
The service, long term relationship is what I'm paying for. They know I bought wetsuits from LP (they didn't have the inventory that LP did and LP was $100 cheaper/suit), but they know we'll keep coming to them for equipment, training, travel advice and possibly a dive vacation.
There are just some things I'm willing to lay out the extra cash for safety/peace of mind. Look at HMOs, they are relatively inexpensive, but they are also the 'get sick and die' plan.