For any bike-specific tools, Park is by far the best bang for buck, especially when compared with more expensive but not always better quality tools from VAR or Campy. Lifu's "IceToolz" are even cheaper and I hear some of them are actually pretty good quality also, especially for home use, but I haven't tried any of them myself.
Unless they've lowered their pricing recently, don't go with Park for regular hand tools - hex wrenches, torx wrenches, hammer, hacksaw, screwdrivers, etc. If you do, you're just paying more for the Park logo. Most of this stuff you can get cheaper and better at your local hardware store or at any online hardware store.
Bike Tools Etc. (I'll refer to them as "BTE" for short) is a great online source for bike tools. You can get just about any bike-specific tool from them, including shop tools. They also carry every general purpose tool imaginable that is even remotely related to bike repair.
Here's some recommendations for a few specific tools I really like:
The Bondhus hex wrench kit is a good one - the wrenches are tough and reasonably priced (
BTE price: $13), with chamfered short ends and balldriver long ends.
Park is coming out with a new 3/8" socket kit (
SBS-1) that has just about everything you need. BTE will have it for $30, which isn't bad.
For pedal wrenches,
Hozan's C-200 is simple, durable, and inexpensive (
BTE price $20) but it's skinny and bites into your hand when you're really torqueing it.
Park's PW-4 is the "Cadillac" of pedal wrenches. If you find yourself switching pedals alot, it's worth the
extra $13. It has a long comfortable vinyl-coated handle and though the working angles look funny, it works better than anything else out there.
I recommend
Stein's HyperHandle or
Pedro's cog wrench instead of a chain whip as they are safer and easier to use. Also, I like
Stein's lockring tool the best because it's the only one I know of that fits a 3/8" socket.
For tire removal, don't waste money on metal tire levers, which are expensive and can damage your rims. IMHO, the venerable
QuickStik is still best.
If you want to get a quality "click-type" torque wrench, I recommend SK Tools'
74021. There are some good Internet deals out there.
Finally, I've used Park's CN-10 cable cutter and Shimano's TL-CT10 and even though the Park tool looks more formidable, the Shimano tool actually works better, especially when cutting cable (both cut housing well enough). I think Shimano just came out with a new incarnation of the tool, the TL-CT11, which I'm assuming is even better.
Hope this info is helpful,
Win