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Plug In Compressors vs Hardware Compressors

I am fairly new to the whole home studio 'thing' but as a musician I have spent plenty of time in Studios. My questions are about compression. I currently have a number of compressor plug in's (UAD-1, Waves, Wave Arts and Focusrite D2/D3) which in many cases attempt to imitate a hardware counterpart. Unfortunately, I do not have the hardware versions handy to make the necessary comparisons.

Digi 002 Rack question... have hardware but no software!

There is a used gear/ pawn store in my town who has a Digi 002 rack for $500. The problem is that he has nothing else with it. Is it worth picking up? I know that the hardware won't obvioulsy work without pro tools, but can the software be purchased seperately? Will it work? The store will guarantee the rack "no questions asked" for 30 days.Any input would be greatly appreciated.