RE The Radio Shack stripmaster clones. They are very very good as replacements for "normal" stripmasters
Then there are the "Custom" stripmasters. These have a very specific market - defense/aerospace work. You see, there are a couple of problems in doing that kind of work
1) You want to strip the length very consistantly. They have an adjustable depth stop, so that you can put in the wire "just the right amount" - BTW that right amount tends to vary on the wireman's technique, and what he is doing with the wire - if it's being soldered to a hook on a relay, it's one thing, if it's going into a pin to be crimped for a connector, it can be something else
2) You usually want the 'slub' (the piece of the insulation that you are taking off) to remain on the end of the wire, to prevent the wire from fraying while you strip say, the other 100 wires for the connector, plus you use the slub to put the right twist back on the wire. Pulling the insulation off thens to untwist the wire slightly
3)99% of the "normal" stripmasters you will see have "knife" type blades. This works fine for all the various PVC type insulations and the like. TEFLON insulation (600v type 'E" or 1000 volt type "EE") tends to stretch a bit if you don't cut RIGHT down to the wire strands. The knife units leave a little space between the wire and the blade (mfg tolerance). The DIES (notice I didn't say blades) for the Custom Stripmasters are a LOT tighter tolerance, and are DIFFERENT for "Type E" and "Type EE" wire (which has very strict tolerances on not only the wire, but the insulation). Properly adjusted, they NEVER leave one of those little tails, which could get crimped into a connector, and cause a failure down the road. Those dies cost a LOT more than a whole stripmaster with a knife type cutter, but only make sense if you are working with Teflon E or EE wire
I have both downstairs - a regular pair of radio shack clones, and 2 pairs of custom stripmasters. Back when (in the 80s) I worked as an electronic tech for a company that was still building electronics for the Navy that had serious wiring harnesses in them. Techs were NOT allowed to do ANY wiring, but eventually, I ended up running the environmental test lab, where we built a LOT of test fixtures. Usally I had a "prototype wireman" at my beck and call, but I had a lot of my own tools. About 2 years after I left the company, they were going out of business, and I went back to visit (I left on VERY good terms with them) - the President of the company handed me a whole BUNCH of tools, including the 2 pairs of stripmasters