unless you plan on running boost, big (>310cc) injectors or you value your time more than your money, you can accomplish anything you can do with a hondata with the DIY OBD1 chipping/tuning solutions.
I'd highly urge you to check out what Uberdata and Crome (Romeditors) can do, and look hard at the DIY tools from PGMFI. All are free - the gear (which you'd have to buy to tune your own hondata anywhats) is the only expense you have.
If you want a polished solution with few(if any) rough edges and a proven track and tuning record, hondata is a great choice. The DIY stuff isn't as well documented, isn't quite as easy to use, and there is no guaranteed tech support. However, I have *hundreds* of cars running on chips I made with DIY tools, and few kids are blowing their shit up. Hundreds of people (figure can be justified with webserver logs) are using Ghettodyne, TurboEdit, Uberdata, Crome, BRE, Hondaedit to successfully tune their car for the price of their time and some simple tools...
Just my 2 cents.