Well, seeing as eating is an incredibly subjective thing, being 'objective' about it is surely impossible.
And the Michelin bods tend to go to the 'best' restaurants, whilst praps missing the hidden gems. And someone mentioned that half the starred restaurants in London are French, or something. Considering the vast diversity of cuisines available, I find that surprising, as this 'mark of quality' does not in any way really seem to reflect on all what's on offer. IE; why is there not a kebab shop, or 'greasy spoon', on Michelin's list?
I really do feel, based on my experience of eating in different places, that there is a great snobbishness attached to eating out. Sure, it's sometimes nice, to ave a really posh meal, in a nice restaurant, with proper tablecloths and lots of spoons, but it can be an equally pleasant sperience, eating somewhere a lot less pretentious, as well. Just 'cos you're paying more, does not in any way necessarily mean it will taste any better, surely?
My point is, that you shoon't just rely on the subjective opinion of others; the proof of the pudding, is most definitely in the eating.
Last Saturday, I had fish and chips in a small riverside pub in Limehouse, the grapes. A place well-known locally, and highly regarded. Nowt fancy, just simple grub.
T'was absolutely delicious. The reputation was well deserved. Perfectly fried fish (pretty fresh, as they get their stuff from Billingsgate market, less than a mile away), and the chips were just right. Lovely. Service was top-notch too.
About £7/8. Proving that good food needunt cost the Earth.