are you going to shell out on a temperature tester as well? Hakko do one of those too.
my worry wouldn't be the temperature but the thermal mass, which is why the weller needs 100w, which when it reaches it temperature, turns off (magnetic switch remember), it's got a massive chunk of steel to heat up, the hakko relies on it's element to stay hot, so will always be drawing current, it hasn't got the thermal mass of the weller, it's heat retention is reliant on the tip far more. dip it in to a big pool of lead and you may find you can only do a few cm of lead before it's to cold.
as to how the hakko works, big clive has a video on it, or at least the same method. thermo couple feedback and a brainbox (in lamens terms).
https://www.youtube.com/watch?v=aSweeoah-5s
it's a bit like needing a lie nielson or veritas, or a jig, days of yesteryear they did it with chunks of copper in the fire, now we neeeeeeeeed accurate temperatures, we don't, it just makes it easier. this isn't a dig Phil, I'd want accurate temperature too. personally I'd not be happy buying the Hakko with no warranty even if it is half the price. I'd be looking at Antex, it's in the UK, you can get replaceble tips for it for when you've fubared it, you can get replacement elements for it and most importantly, it's earthed.
https://cpc.farnell.com/antex/t48jj70/t ... dp/SD02054
Edit to add, that Hakko are copied a lot, the ET calls them fakkos and he's fed up of people turning up with one they bought for home and it's stopped working. He's a misery though, no fun some times.