I was gonna pick up a 150 lbs leather title heavy bag as a replacement to the old beaten up corpse hanging from the ceiling now. Any feedback on this brand?

No idea about the brand, but i thought that heavy bags were generally suppose to be about half your BW? (I'm assuming you're not a 300ish pound guy)

My gym has a Title bag, along with an Everlast one. The Title one's pretty good, if somewhat rough (as in, if you hit an unpadded part of it without a glove on it'd probably tear some skin off). I'd suggest going for it.

Having destroyed a number of Century and Everlast bags over the years, I wholeheartedly endorse Title heavy bags. They double reinforce the areas where the hooks attach to the bag, which is where they tend to tear, and they use six chains instead of four, so there's less stress on each contact. I currently use one of these:
http://store.titleboxing.com/title-big-bang-heavybag.html