general purpose contactors are inexpensive, but they require a magnetic coil to be energized to hold the contact closed, and they tend to hum and chatter especially after they get a little age on them. Mechanically held contactors only need a momentary contact switch to engage the solenoid and like the name says, they are held in place mechnically "no electricity needed to hold contacts closed" but they will need another seperate switch leg to make the contactor open, so you would need either two momentary contact buttons, or a single pole double throw switch to operate it (you could use a three way switch). the main advantage for a mechanically held contactor in this case is they dont chatter or hum, another disadvantage is they cost quite a bit more....