I've used Ikelites, Loclines and ULCS arms. All worked and all had benefits and disadvantages.
Consider your budget - ULCS are not for the faint of wallet, but they are light, have a large range of choices of bits so you can choose the right set-up to get started and add more things as required and have an excellent reputation. These are simply great arms.
Ikelites are relatively inexpensive, mine always held position very well with minimal fussing and they also have a range of options. They are sturdy - which is nice coz you know they are virtually indestructible, but the downside is that they are bulky and heavy-ish.
Loclines are very inexpensive, extremely flexible and easy to pop off underwater. I like this last feature as I am able to remove the arm completely from my rig for certain shots and then reattach...allows me to do things I couldn't do with the other arms as easily. Downside is that when you go really long as Warren says, you may get a bit of movement. I do not, right now, do that kind of shooting, so don't really know. I usually use 18+ segments and the Inon strobes with no problems in the arms not holding position. I am staying with these for now and will add ULCS at a later date perhaps.
Also check out your strobe fittings and make sure you get the right bits to attach strobe and trays. Sometimes some handy-man skills are necessary!