I have one and it is a good machine, for certain tasks. Long runs such as belts or such are where it shines due to the large wheel and the momentum you build. Short runs for sheaths or holsters are a bit more difficult, especially with single hole placement as you do not generate the same type of downward force that you would with the Tippmann, however with the Tippmann long runs get tedious real fast.
Both are great tools, depending on the job. And no, it is not overpriced. It is a solid unit designed and built in the USA that will out last you.