I used to play some serious poker on Monday nights. Same crew of 7-8 guys so we all knew each other well, but we also all were capable players. The stakes were not huge, but not penny ante either. One February just before Effingers used to have their big sale, I had a good night and walked home with a pocket full of money. Renzetti had just introduced their line of vices (but had not yet started selling the traveler or master.), I bought the pedestal model. Still have it and have tied thousands of flies on it.

A couple of years ago I bought the entire contents of someones fly tying room. they had not tied in a couple of years and did not expect to continue. Got the entire contents, including a lamp, several thousand hooks and loads of material. Also included was a Renzetti Masters Vice, which is what I now use for all my fly tying. II love the rotary and use it quite a bit, but as other have said it takes some getting used to for positioning fingers and materials for tails and wings. But even for parachutes, you still need to dub a body or ribbing, so the feature is worth while.

I also have an old Thompson Model A that still works very well, and will prob last forever since I hardly use it any more. I will say that the Travelers is a very good functional vice, but as Neil mentioned the Masters is a thing of beauty, and a real pleasure to tie flies on.

That being said buy and use the vise that suits you.