Hi Eric,Welcome to the board and congratulations on the new baby! 
I'll paste in a comparison of clays from a handout I wrote for my classes, below. Hope it's helpful! 
This site currently has only LaDoll air-dry clay on it, but I will soon be adding a page that has six different air-dries including Formo, Plus, Premier and Flumo air-dry slip.
Happy Fourth of July!
Elizabeth
Clays:
Cernit - the strongest clay on the market. Beautiful colors, semi-translucent, very soft, sticky when warm - doesn't blend easily in sculpting.
FIMO Classic - very strong, holds fine detail in canework, more difficult to ‘condition’ than others. Liquid form also available - "Fimo Decorating Gel" cures very clear and rubbery.
FIMO Soft - firm, easily conditioned. Great for detailed canework. Powerful colors. Semi - translucent.
Premo! Sculpey - firm to soft, very strong and flexible when cured. Saturated colors, mostly opaque in appearance.
Sculpey III - soft, beautifully colored, and low in cost. Cured finish is matte. Brittle - support appendages well or use in items which have no projections.
Super Sculpey - pinkish-beige clay - stronger than S3, more fragile than Premo, prone to “plaquing." Add at least 10% Premo white to mask the plaquing and more white to make the clay more flexible. Add up to 50% Super Flex for the clay that you will use for doll hands and your dolls fingers won't break off as easily.
Sculpey (white only, 1, 2, 8 & 24# boxes) Inexpensive. Chalky, fragile.
Kato Polyclay - newest polymer clay. Strong, beautiful colors, very flexible when cured. Curing creates a shinier surface than the other clays. Difficult to sand, strong vinyl odor. Liquid polymer medium also available - very clear, rubbery when cured.
Liquid Sculpey - very clear, versatile - can be tinted, used to attach two parts to each other, to smooth surfaces, and has many applications in the creation of faux materials. Also comes in opaque white, black and four pearl colors.