Any Armstrong method of recovery will be a pain, hi-lift or Tirfor. The Tirfor will allow a longer pull, they are available on the 2nd hand market for approx $300+, and come in handy for all sorts of things. I have squared up a barn, pulled car wrecks out of the bush and pulled garden bushes out with it. I know that if I wanted to sell it there would be a market for it.
The drag chain you will get use out of, it gets heavy pretty quickly specially if you have to carry it any distance (same for the Tirfor). Most 4 we owners get a hi-lift early on but they get very little use.
Good idea not to go out by yourself if your going to play with your 4wd. A snatch strap can usually get you out if you have a mate with you.
Sounds like you want that chain and it is unlikely that you're going to change your mind about the hi-lift. Save up for a winch, get a snatch strap and go out with a mate.

