Would the iPhone be more capable than something like this, at £50.
Don’t know. Probably? Maybe not? Who knows?
£60 is a lot of money for some plastic and some elastic (EDIT – and a wide angle lens), but I know from experience that the iPhone does produce very good HD footage. Spending £60 to allow me to use it as a POV camera is a more sensible option than spending £50 on an unknown quantity then another £x trying to mount it to my chest.
“Value for money” is subjective of course, but this is the right solution for my problem at a price I was happy to pay. Whether it’s any good or not only time will tell…