Normally all pegs are cheap. I used to have the DK park pegs, and those were amazing. Now I have the shadow conspiracy pegs, and they are alright I suppose. Both are very good from what I've had though. And I wouldn't know about gloves because I don't use them, I just get used to the blisters.
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I also heard that the 2011 Sequence Majic Sticks are good too. My friend has them but 2 days after he got them he broke snapped the 2 major bones in his legs :/