What are you planning to do with your new tires? If you only want something with a little better traction and mileage than bare rims, you can get tires for significantly cheaper than $117 each.
Don't base an important decision like the tires you will run on price alone. The use you intend to make of them is a much better point from which to begin your search for new tires.
That said . . .
the LTBs are hard core offroad tires. They are bias ply tires with large, widely spaced lugs. This means they will be squirmy, loud, vibrating, and wear quickly on the road. But it also means they will work like few other tires can in mud, will wrap around obstacles very well at low pressures, and are more resistant to cut sidewalls in rocks, ruts, etc.