I have installed between 8 and 10 of Haisley's fireing head gaskets in the last four or five months. They seem to work great. The advantage to them is they are well made and the heavy firring/o-ring holds well. They are pretty simple to install and are holding a lot of boost. The total cost for parts and labor is about $1000. Very good stuff. The downsides to it are you have to go with the studs to hold it all together, you have to groove the head and or the block pretty heavily (~. 125 wide by about ~. 033 deep) which makes it difficult to undo if the need or desire should arise later. The tooling or machine setup required to do this properly is expensive. The Haisley gasket and some head studs will cost approx $600 by themselves. You have to make sure that the block and the head are both flat. In fact, you should have the head surfaced while it is off just to make sure it is not warped. I have seen some that can leak pretty badly if there is even a couple of thousanths of warp to the head one way or the other. It is a good system and I would recommend it highly, even though it is pricey. I plan on doing my engine in the very near future, like next week if all goes well.
The wire o-ring and stock gasket will work well also. However, in my opinion it is just a poor mans fix. The o-ring job can be very reliable, but as in all things the results you get will be directly dependant on the care taken in doing it. If I were going to just o-ring and use a stock type gasket, I think I would go ahead and use a set of head studs (again ~$300) because the clamp load afforded by the studs is good insurance angainst lifting the head or blowing gasses past the gasket material. A good o-ring job should cost about a third to half what the firering job does. The biggest difference is in parts. Do you decide to go with studs or not ($300). The labor is pretty much the same for either. To pull the head, cut grooves, put studs in, put it back together, find the parts you dropped under the truck, go to auto parts store a couple of times for stuff you forgot you would need, etc. takes about 10 hours of work if you are really hustling. If you plan on taking the head to get it surfaced, valve job, and hot tank cleaning while it is off, then you have a day there waiting on the machine shop, but still the time off and time on as far as turning wrenches is about 10-12 hours. A first timer should plan on it taking about 15-18 hours, minus all the running around to the store and the machine shop, etc.
Whichever way you go, if done correctly,you should be satisfied with the results. I took apart a head recently to fire ring because someone else's o-ring job was not working as it was supposed to. The grooves that had been cut for the o-rings were out of round, not concentric with the cylingers, and varied in depth around the circumference of the cylinders. There were also gaps of about . 010" at the ends where the wire butted together. My point is, whoever did that kind of job should have never have expected to last past the first burnout, especially with the stock headbolts holding it together.
I hope this helps you decide what to do and you glean some information about what is involved.
Joe