$97 vs. 57 isn't that much of a difference.
The $40 difference would cover the hassle of getting the universal to work. The other downside would be the support bracket for the cat. That bracket absorbs some engine vibrations which still can tear up an exhaust if not hung right. BTDT. I also like the band clamps better then the old saddle/U-clamps but they tend to cost more.
Universal http://www.amazon.com/Magnaflow-91005-Universal-Catalytic-Converter/dp/B000COPBPI
Direct-Fit http://www.amazon.com/Magnaflow-23221-Catalytic-Converter-compliant/dp/B000JKJDH2
he's talking about the square 4 bolt flange at the end of the downpipe where it meets the cat - the direct fit you posted is the same as generic slip fit over the downpipe (there is no difference other than a missing length of aluminized pipe worth about $5). An OEM cat was very expensive when i wanted to buy it and didn't have the time to shop online, you can probably get it at a better price than what i posted but i still think it's over $100
the support bracket for the cat was welded on the downpipe on my Jeep ('95 YJ), i cut it off and used it at the end of the cat - i don't think they came with the cat and I know for sure the pacesetter does not have it on the downpipe (unless i'm forgetting and it was on the cat pipe but that's what i remember, been a while so i could be wrong).
those band type clamps do cost more but you can reuse them as long as you don't go crazy happy with the impact wrench (leave some for next time, they stretch but there's no need to go all the way, it will seal the 2 pipes by compression and if there is anything leaking (unlikely) will fill with carbon in no time. They aren't that much more expensive in the end since you can reuse them and also if you compare them to a regular one that is stainless the price tag is not that much more (the regular plated clamps would rust to hell and end up looking like crap after a winter or some wheeling trips given the temps on the exhaust, the all stainless band looks like new still).