I have a Pedro's 4th hand and a Hozan. I prefer the Hozan's construction and feel more than the Pedro's version. But, the Hozan tool has no "ratchet stop" for when the cable is at it's most stretched position. This isn't a problem with most cable anchor bolts that can be tightened with a single tool( Nut driver or an Allen key). But when the particular mechanism requires two tools or another complication, I resort to using the less comfortable Pedro design.
I should mention that I use these tools for two non-bicycle related purposes, though. They are a superb tool for installing zip ties! The second is distantly related to cycling; I use the Pedro's tool for servicing the clutch cable on a P Series Vespa. The cable anchor bolt isn't attached to anything, per se. It clamps onto the cable after it passes through a hole in the end of the clutch lever. Two tools must be used to cinch down on the anchor bolt; so Pedro's design is the one that works.