The value pack does not include the hardback text or the written solutions guide. It's "text" is spiral bound, black and white, and reminds me of the MUS layout (except there are more problems). Each section has 2 problem sets, so the student can complete the 2nd set if needed. The solutions are on a DVD. A test booklet and test solutions manual are also included.
I chose the value pack because I was concerned my dd would be intimidated by the size of the text and the "busyness" of the pages. And, it was less expensive. :)
So, no you will not be missing anything important.
HTH