Yeah, I used to have a Billy Royal Arabian saddle and I thought it was high quality. I still think it was high quality, but a friend of mine who worked at a saddle shop was telling me they were junk.
I don't know if they ARE currently junk (because mine was a bit older) or she was just getting Billy Royal confused with one of the other "Royals."
Now I DO have a Silver Royal headstall that a friend gave me. And I was impressed at how nice the leather was for a brand that I expected to be junk. But I have never seen one of their saddles in the flesh. But the headstall is nice.