I paid more than that for my Pace unit, but I do like it. I personally do not find it all that useful for point to point. I might occasionally empty out an eyelet with it. But really for me my spring loaded cock it and press the button solder sucker works fine. Now on printed circuit boards, nothing will touch my Pace. I can go down the rows of pins on a 64 pin IC say and have it out in a minute. And my holes are clean and clear.
I know some guys use Weller, and I usually hear good reports on the Hakko. And I am sure there are some current good brands I never heard of. I am not in t he market for another, so I don't pay close attention. My main soldering iron is a Weller WTCP series unit.
One thing I do like having is a tool I have had for 60 years or more - my Weller 100/140 soldering gun. Basic simple old thing, but it works for heavy jobs. And point to point and such often take more heat than my small iron wants to give. The gun still isn't quite enough to solder directly to a Fender chassis, but it solders big solder lugs and heavy wires without fail. They still make them. And I do keep real Weller tips for it, but if I wear out a tip and don't have one, I strip a 5-6" hunk of 12ga wire and bend my own tip. Works like a charm.