Both are a lot of money… I appreciate a good tool (ho ho), almost all my regular kit is Teng and Brittool now, but considering how little use most bike tools will get in a home workshop there's really not a lot of point in lashing out IMO. So, I got the Lifeline basic kit:
http://www.wiggle.co.uk/p/cycle/7/LifeLine_Workshop_Tool_Kit/5360031531/
Which isn't now as good value as it was when I got it (£30) but is still a great starter kit. All the tools are good enough to use, though predictably the allen keys aren't very nice. I'm getting near the end of the life of the cable cutters but they've restrung about 6 bikes now which is decent going, and they've worked very well til now. And all for the price of just 2 or 3 Park or Pedros tools. I've added a few other pieces- Icetools do some nice kit at sensible prices.
For standard tools, like allen keys, Torqs etc, look outside of bike specifics- the Park PH1 allen key set is laughable expensive, £60 for tools that are slightly lower quality than my old £20 Draper Expert set.
For tools it's always worth spending enough to get decent kit but that doesn't mean spending a packet any more, some of this middle-of-the-road stuff is as good as you need.