I just ordered the Pferd sharpener after reading the reviews. Worth a try for less than $35.
I think you will be happy with it. It's very easy to use, and you can get good results without having to spend a lot of time learning the technique. There are some minor compromises with this design of sharpening guide, but they are dwarfed by how easy it is to get good results. A stump vise (or other means of holding the saw in place) can really help you get good results, since you can focus solely on the sharpening, rather than also trying to figure out how to hold the saw still.
Due to how the Pferd/Stihl tool sets the depth gauge (aka "raker") heights, with that tool it's important to keep your cutters about the same length. I'm not talking about measuring them with a micrometer or anything, but if you notice that the cutters on one side are getting longer than the other, it's worth it taking a couple extra strokes off the longer ones to bring them back close again. Other hand sharpening systems use what is known as progressive depth gauge height: the distance between the top of the tooth and the top of the cutter varies depending on how far back the cutter has been filed, and the depth gauge is set solely in reference to the tooth it precedes, rather than by laying a gauge across two teeth and measuring down from that (a constant height depth gauge setting system). The former compensates for differing lengths of cutters, allowing them to be different lengths (within reason) without causing problems. The latter (bridging over multiple teeth and measuring down from there) requires that the teeth all be very close to the same length. A progressive gauge also compensates for the different cutting geometry that is formed when the teeth are filed way back, maintaining the chain's performance as the teeth are filed back.
Someone earlier mentioned how few landowners really have the knack for freehand filing (i.e. filing with just a bare round file using no guides or jigs). I would add that there are not all that many people who use a saw professionally who can really get excellent results when sharpening freehand. There are plenty of folks who
think they are really good at it. In reality, most are not all that good, or are inconsistent (this does not stop them from sneering at those who use a guide and making some comment like "that's OK if you still need training wheels"). In my life, I have met 3 people who can reliably get results as good as or better than a new out of the box chain with their freehand filing. I've used chains they sharpened multiple times, and have always been impressed. Interestingly, one of them is "just" a landowner, one of them is a pro logger, and one of them is a chainsaw race competitor (and he files his race chains differently than he does his work chains). Sure, lots of people can make a more "aggressive" chain (that's easy). In my book, "aggressive" does not necessarily mean better. I want a chain that's consistent, holds up well, and that is not hard on me or the equipment. With a good guide, most people can learn - in a relatively short time - how to match or beat out-of-the-box performance and reliability. Yes, it's possible to go beyond that with freehand sharpening, but it takes some dedicated time to learn the technique.