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You can get one that isn't stamped for much cheaper than the parks one... Buggered if I can find a link for it, but I've got a combined chainwip/lockring tool, that's plenty beefy and cost me about £15. Get two and have one 1/8th and the other 3/32 for the same price as the parks one.
Khornight2
gbj_tester
Park SR2, can't help with cheap as the best price is £29.99, plus you have to change the chain (which is easy as it's bolted together, not riveted) to use it with ⅛" sprockets, but the long and comfortable handle is worth the price compared with cheap ones stamped from sheet.