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Reasonably priced compressor?

I play metal and recommend the MXR Bass Compressor (M87?). It's about that used, and it keeps a steady volume switching between fingerstyle and pick. Visual meter as well to see how much compression is going on, and evens out my tone when I dig in so I don't have notes obnoxiously (and out of place) notes. Very transparent too. Used with an OD/Distortion so it gets an even signal and doesn't distort unnecessarily. Some say it's unnecessary, but I like it that way for my dynamics. Keeps soft parts audible and heavy parts from being overbearing.
 
Check the reviews linked in my sig for a wide range of info. Check the FAQ here in the effects forum to learn about guitar effects on bass in general.

It depends which specific Digitech pedal you mean, because they've made a few, but in general you'd be better off with something else.
 
When bongomania speaks compressors - everybody listens.

A wise man once said:
"don't ask stupid questions or people will think you are stupid for real"...
Actually it was the fry cook at this old Fish n Chip joint I used to eat at...