For my editing I use Camtasia Studio 7 which allows me to select the resolution of my video and the speed and other useful editing traits. It also has the ability to save files into a highly compressed .mp4 format allowing quick uploads to youtube. So far I have found no cons with Camtasia.
Fraps is 24.95 GBP for a single user license.
Camtasia Studio 7 is 220 GBP