if you have kinect 360 then you need adapter + ps moves and it will be 150 cheaper then nolo (it costs 200). however 360 has quite narrow tracking space. Kinect One is much better bur the price will be higher (mostly due to crazy price of adapter).
I would not say it is significently worse but right now I have problem with fast moves as colour and depth frames in kinect are out of sync 🙂 that means that if I find colour ball on RGB frame it is not there on depth frame. But that is where some smart algorighms can be applied 🙂
The best if people on forum could answer that. I know some have problems but on the other hand many people use it with success.