I have one of those Navy Lil'T clones I got from pure curiosity. It is decently well made. However, I never used it (and never will) so I can't tell how reliable it is.
But make no mistake: although it may look like a Lil'T clone, it is very different from the original in many aspects. And I'm not talking about the materials used - which is the obvious thing.
The Navy is much heavier, probably due to the thick ful liners. No nested liners, like the Lil'T has. Also, the G-10 scales (which I'm not very sure it's really G-10, BTW) lack the beautiful sculpture there is at the original.
Oh, and don't try to mount the clip for tip down carry, the clip screws are too long and will squeeze the blade till it won't open or close at all. There is a bit of bladeplay both laterally and vertically.
As I said, if you compare it to the original, there is definitely no match, but for a 10$ knife it's not that bad. If you want specifically a Lil'T get the original, I'm pretty sure the clone won't satisfy you.
But if you just want a good, affordable knife, better buy an entry level Spyderco - it will serve you well for many years.