Depends what your budget is. I have that effect on my Line6 DL4, and if you can stretch to get one of those, you will get a lot of delay for your money, especially buying used.
The Vox version of it seems to be very good too, but I've never tried it personally. The latter allows you to save different banks of 3 settings rather than just the 3, which is a bonus.
Plus, for a digital pedal, it can be modded in a couple interesting ways (extra setting switch -replacing the expression pedal-, looper switch).
I'm pretty sure the Line6 Echo Park features the reverse echo, too and I'd expect it to be quite similar.
I'd personally go for something like that since the Danelectro might end up being a bit too much of a one trick pony, while you'd be getting a whole lot more with a DL4.