Hi Adrian, if it's of any help, I use a bog standard entry level vice, and it (to an extent) does the job...however, I'd stay away from them. The jaws get crappy over time and tend to have problems holding smaller hook sizes (#18+).
Because of which I'm looking at one of these as an upgrade for myself soon -
http://www.fastmailtackle.co.uk/prod...oducts_id=2986.
I don't think you can go wrong for that price in my opinion. Then again, I've never used a vice in the £100 bracket...but then I probably never will. I spend enough on fishing tackle and fly tying materials as it is...£100 for a hook holder I can't justify.
Hope this helps mate.
G