Is the Mastech MS8268 available in another shape? someone that re-branded it but changed the external appearance?
As mentioned above, no need to spend big bucks and Harbor Freight is your friend if you have a store nearby:
I don't have any expensive tools. I have a very old/cheap Sperry Multimeter that I have used for ~20 years (?) similar to this one:
...and a cheap 25W soldering iron I bought at Wal Mart many years ago.
From Harbor Freight, I would definitely buy the following items:
Helping Hands - $2.99: http://www.harborfreight.com/helping-hands-319.html
Needle Files - $3.49: http://www.harborfreight.com/12-piece-needle-file-set-468.html
Needle Nose pliers - good for unthreading retaining rings - $2.19: http://www.harborfreight.com/5-3-4-quarter-inch-needle-nose-pliers-40696.html
Strap wrench set - for unthreading tight flashlight bodies - $4.99: http://www.harborfreight.com/2-piece-rubber-strap-wrench-set-94119.html
Dental Pick set - $3.99: http://www.harborfreight.com/6-piece-pick-set-93514.html
Hobby Knife - $3.99: http://www.harborfreight.com/hobby-knife-with-five-fine-point-carving-blades-96739.html
Survival Knife - Just because it's cool - $8.59: http://www.harborfreight.com/8-inch-hunting-survival-knife-90714.html
Other good items (listing Fasttech because they are currently my favorite):
Desoldering pump - $2.59: http://www.fasttech.com/products/0/10002629/1195701-aluminum-alloy-desoldering-pump
Desoldering braid - $1.75: http://www.fasttech.com/products/0/10002730/1202500-goot-wick-soldering-remover-20mm-x-15m
Soldering paste - Makes tinning wires/contacts and general soldering very easy - $3.28: http://www.fasttech.com/products/0/10003546/1261003-chips-repair-tool-soldering-paste-grease
Fujik Heatsink Adhesive - $6.15: http://www.fasttech.com/products/0/10000468/1049304-fujik-heatsink-silicone-thermal-glue-50ml
Flux - for cleaning/helping solder adhere - $1.15: http://www.fasttech.com/products/0/10002129/1153800-amt-amtech-professional-soldering-flux-10ml
This is awesome. Thank you for putting in the time to compile this.
I had a very long response ready but I navigated out of the page and lost everything 
Chloe: It comes with extra tips. To buy more it would be ~13$
I ordered the Equus 3320 because the price was right, reviews were good, and I don’t need all the fancy extras at this point.
Had I known Harbor freight was so close to my house, I would have just gone there! I’m in IL near Chicago, I should have known.
You guys have been great. Everything has been ordered, the only thing I’m missing are tweezers, a desoldering pump, and a hunting knife 
yup, when working at your dining room table, you need a rather large hunting knife stabbed into the table beside you. keeps people from bothering you while your hard at work 
Added... Emery boards! Cheap, come in a 10-12 pack from Wal-Mart; very handy for sanding the edges of drivers to fit...
I just received these tweezers from FastTech. They feel very nice and solid. No bending them while cranking on a tailcap retaining ring. I also ordered these plastic tweezers (so as not to short any connections), but I haven't used them yet.
-Garry