Russ,
I used a Gracey neck shaver for about 3 years, it was the best thing available at the time (see
https://www.youtube.com/watch?v=_8326uVudvY ). There were some things I didn't like about that tool and kept my eyes open for possible upgrades.
About 6 months ago I became aware of the Hornady Neck Turning Tool (see
http://www.midwayusa.com/product/622605/hornady-lock-n-load-neck-turning-tool ) and of the 21st Century Neck Turning Lathe. I considered both. At same time a friend of mine bought the 21st Century one. After he got it he brought it over to my house because he needed some help with it, so I help him set it up properly and I got a chance to work with it and turn about 10 cases to make sure it was doing what he wanted. Although the tool worked well enough I found the free floating aspect a bit awkward, there were a couple of other things that I wasn't too crazy about.
After that experience I decided to buy the Hornady and try it out, if I didn't like it I would send it back. As soon as I got it I turned 500 virgin Lapua Palma cases in less than two hours. To make a long story short I've kept the Hornady tool and sold my Gracey Neck shaver.
The difference in price between the Hornady and the 21st Century one is a non-issue for me simply because I'm interested in the best tool for the job. The difference in price when amortized over several thousands of cases becomes irrelevant. The quality and the time savings is more important to me. IMO it is unusual when you can get a better tool for less money, that is what I call a bargain.
Kindest regards,
Joe