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Without a doubt WordPress is one of the most popurful and lightweight CMS, which is a great way to build affiliate websites and review websites with a lot of external and affiliate links. Thats why you need Pretty Link Pro.
Two versions available - “Blogger ” and “Developer Edition”, I think it is self explanatory that “Developer Edition” is more expensive and offer more options, but the best one is that you can use the plug-in on as many domains as you want.
Pretty Link Pro is not just a link cloak plug-in, it will help you to shrink, track, organize, share and even test your links on your own WordPress website. No doubt cloaking affiliate links is very important for SEO, but as well as from business perspective.
I believe that many individuals would say, free version is fine, well not quite, Pretty Link Pro offers much more!
Permanent (301) Redirection
Pretty Bar Redirection
Tracking Pixel Redirection
Put your online business on auto-pilot with some of the automation features
Automatically Create Links for Pages & Posts
I personally can't see any downsides, as well as I don't know any similar plug-in that can offer so many features that can speed up your business and improve your SEO and online marketing strategy.
I'd personally choose straight Developer Edition, if I am you and you have more than one website. I highly recommend Pretty Link Pro.