A couple points of information

Magnet functionality doesn't cost anything.
Technically you don't have to buy anything to use dynamic cloth, you just miss out on some options.
They have released additional clothes since the debut (but they don't make a lot of noise about it)

I'm not sure what the criticism of DS's lights could be if you feel that Dreamlight products fix it. They only use standard lights.

You will probably pay for AO though.

It's not the tool used, it's the tool using it