i think you have to determine what your accuracy needs are, coupled with your budget. take me, for example...........i am a recreational cyclist, but not a slouch. i rode for 10 years without any sort of HRM device, just a simple Cateye speed/cadence/trip meter.
in january of this year, i decided i wanted to bring my cycling fitness to a new level. i purchased a Polar HRM (one of their cheap models). i was so impressed that i started researching what additional features i might like in a HRM. the Polar s720i really appealed to me, especially with the software that it comes with. so i took the plunge. i really loved how it got me focused on fitness zones.
so i kept reading up on cycling fitness, bought The Ultimate Ride, and Cyclist's Training Bible. i became convinced that power was a good source of measuring fitness gains, plus the use of power allowed me to work out a training program that suited my needs.
then it was decision time............do i ante up and buy an SRM or a Power Tap? do i go with the Polar power unit?
after reading all the reviews i could find on the web, i decided that for my level of cycling (i don't race, i just ride intensely for and by myself), i would add onto to my Polar "investment" and use their unit.
i can't personally vouch for the accuracy or inaccuracy of the unit, as i don't have a laboratory to measure and confirm such things. but i will say that as i'm pedalling down the road, up hills, doing intervals, riding tempo pace, or climbing repeats..............it seems to give me a reading that is indicative of the work i'm doing.
is it 100% accurate?? is it 90% accurate?? beats the heck out of me.
does it give me a measure with which to perform workouts? does it give me readings that tell me how much work i am putting into my ride? absolutely.
frankly, if i knew that whatever "inaccuracy" inherent in the Polar unit was the same over all my gears, then the error would be somewhat irrelevant to me. what i mean is if the unit is 10% off in all gears i am turning, then the error is consistent. however, if it is more accurate in some gears than others, then it is a little more problematic because my wattage on a climbing repeat drill in gear A is not as accurate of my wattage than a steady state interval in gear B. but then again, i'm not competing..........so do i really need a scientifically accurate measure??? ignorance must be bliss, because i don't think i do.
all told, i've got approx. $250 in the HRM and $200 in the power unit. at the time i bought the power unit, Powertaps and SRM's were going for much more than $200 (even used), so i saved a bit of cash and made only an incremental investment.
someday, i may dump my Polar system and go with another brand. but for now, it meets my needs.
good luck in your decision.