I have had a few cheap string winders in the past, and a separate clipper thing to cut strings, and after one breaking my last one I decided just to spend the extra few bucks and get a good one...
You can really feel the quality difference if you are used to the cheaper ones. I use it on my two acoustics, electric and ukulele and it works great. Never slips off, even though they are all different sizes, and is just comfortable to wind.
The clippers work nicely too, not that there's any reason that they shouldn't, but its nice to have it all in one and have one less tool to worry about.
I can't quite figure out what the deal with the pin puller thing is though, it absolutely doesn't fit on any of my guitars (too thick) so it is completely useless. I still must resort to whatever appropriate thing is at arms reach, which often results in them getting scratched or damaged, but whatever I can live with it.
So I would recommend this for sure over any of the cheaper generic models, don't skimp on a few euros on something which you can probably use for years to come!