The 6612C is a good quality power supply. 20 V / 2A should be sufficient for many applications. It has a higher accuracy and readback resolution than most bench supplies (I believe they called it a precision power supply). One unusual feature is that it can sink current in addition to source (something that can be a blessing and a curse).
$250 is not particularly cheap, however, especially in the US. Now if this a guaranteed working model with some kind of warranty, that adds to the value. But I have seen similar power supplies go for half that. For example. the larger (both physical size and power) 6632A/B can sometimes be found for half that. The 66311B, which is basically an advanced version of the 6612C with more measurement features but 15V / 3A range. However, both are less convenient because they lack front binding posts. You either have to add these yourself, or make do with the connector on the back.