I paid more than $70 for one of the Hole Pro adjustable hole cutter kits but then it cuts tongue and groove ceillings as well as sheetrock and plaster and even Hardie cement board and it has a 5-year warranty. I need a tool that will not break in the middle of a job and I know these cutters will not let us down.
Sizes are great with one model, the X-230 that adjusts from 1-7/8 to 9 inches and works for every size ceiling can light cutout on the market, even the 8" CFL recessed light can cutouts. I can cut a hole in less time than it takes someone to trace the circle to begin cutting and I spend zero time in cleanup as everything stays in the shield.
http://www.holepro.com/powerseries.html
With the Hole Pro I can adjust the cutting depth so it only cuts the ceiling and nothing else and I always get a perfect cut so the trim rings sit flush and I never need an oversized trim ring. Sheet rock is soft so the twin blade design keeps it balanced. We had used a single blade model from LSDI but it wobbled and made less than round holes and it was terrible on wood and did not have enough balance bars and was cheaply made.
The adjustable hole cutters take a lot less drill power. I had to make holes nearly 9 inches in diameter in 3/4 plywood a couple weeks ago and I was able to do it using a DeWalt 18v cordless drill. In the past I found that 4-5/8 was the biggest hole saw as I could use even with the Milwaukee stud drill. The Hole Pro cutters are great for cutting in for can lights or speakers in tongue and groove ceilings using just a cordless drill and these are the only adjustable hole cutters that have both excellent high speed steel blades for wood and acrylic and tungsten carbide blades for drywall, plaster, cement board, and other tough materials.
Hole Pro also makes a special arbor that we use with the kit shield and any hole saw. We use it when cutting tile with a tungsten grit edged hole saw as it saves time in setting up and with cleanup. We use the Hole Pro shield when we need a perfect straight in cut or need to limit the depth of the cut.
We switched our trucks to the Blue Boar TCT hole cutters that cut up to 2-1/4" and we can make holes up to 6-1/4" diameter in 1-1/8" subflooring with our 18 volt cordless drills. The cut plug just falls out and they cut through MDF and Hardie board like a hot knife through butter.
We cut 14" inspection holes with the Hole Pro X-425 model on one large project where access was difficult and then cut out the plugs from another sheet of sheetrock and had patches that meet fire code. After that we learned to make the plugs ahead of time when we make holes to pull wire and when we leave the job it is ready for the painter which makes our customers very happy.
We get called on now to install the room speakers for whole house music systems and the X-230 works great for that as well. Every speaker needs a different size mounting hole. The hole cutter is great for blind wire runs with new construction as we don't nick wires accidentally when we can limit the cut depth. And of course not eating gypsum dust and having it down our armpits is a big plus as well.