The $16 tools are awkward and annoying to use. I would prefer a decent smooth-jawed vise to one of those.
The Panavise press is nice, but close to $250 by the time you add their IDC tooling. You can get by without a lot of it, but at the very least you'll need to add some sort of platten and spreader plate to the base $150 press. An alternative is a $60 Harbor Freight arbor press plus some bits you make yourself, so I guess it depends on the tools you have available and how much you feel your time is worth.