Thats the problem though, one companies grading will be different to that of another. M&H's grading is probably vastly different to that of GM or Gray Nicolls. Some will grade on looks and some on performance. As shown by millichamp and SC. So grade 1 in terms of what?
I would never spend that much on a bat anyway so cannot really answer that question! Might be at talent cricket later this week so will have a look if they have any in and report back on the quality.