Is Halo collar worth the price?

I have Halo collars for my two GPS's.
I got them because I could set up geofences in the app at the camp and at my brother's place, plus anywhere else I want.
They work well for geofences of a half acre or so, anything smaller and it is hard to keep the border and actual warning range separate because of the GPS satellite accuracy. I know this because I tried to set it up in my yard at home just to see it work, and it would give them warnings too often because the boundaries were +/- a couple feet.
Like with any training collar you need to work with them to understand what the vibration warning means. The shock is fairly self explanatory to them.
Battery on the Halo is about 12-16 hours, but I think the Halo 4 added more battery life.
At the camp we have god awful cell coverage, slow arse wifi, and they still work pretty good.
The only thing I would warn is that I have never let them go outside the boundary just to see how far it will track them in the app.
I just haven't done so, but could in a few weeks when we get up to the deer camp.

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Would it work good for a 3 acre yard?

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I don't see why not. I have one on my heeler and the boundary is right at 2 acres. I've brought the dog to my parents' house for a weekend and put a 5 acre boundary on her and it worked fine. The collar itself is pretty rugged, but I've had a few pieces break or get worn down over the 3 years we've had it. Customer service is pretty good. Battery life is the limiting factor for most. It needs to be charged every night. Like someone said earlier, it will last about 16-20 hours between charges.

Also, the shock is not like one from a traditional e-collar. It's more of a strong buzz. If you are used to cranking a dogtra to 10 and flipping a stubborn dog with a shock, the halo will disappoint. Nevertheless, I have used it to stop my heeler from chasing a deer, and it usually turns her back to the house. I specifically remember being 500 miles from home
and getting a notificiation on my phone that the dog had left the boundary. Looked at the map and she was 1/4 mile from home. GPS accuracy where she ran was low I think because of the heavy tree canopy, thus it didn't shock her too much. I manually shocked her about 5 times in a row from my phone, and watched the dog's signal run back toward the house.

Overal, it's a cool dog collar with a lot of neat and unique features, but it's still overly expensive. Also, there's a monthly fee that I'm not sure they advertise sufficiently until you actually purchase the unit.

The durability of the collars was an issue for us. My GSP broke 3 of them in one year just running through the woods.

Also, it is GPS driven which means there is a lag. If he got on a deer or something he would be a quarter mile past the boundary before it even picked up he was out.

I have spot on. Dosent require a subscription but can still set a boundary as large as you want. If your dog somehow escapes you call them and they activate it for you and then you can cancel the service once you find the dog. Extremely durable

I bought one but returned it when I found out the app had to be open on your phone for you to use it.

Notifications
You can receive notifications and see your dog's location on the My Map screen if you're within Bluetooth range of your dog or if the collar is in Wi-Fi range.
The only features that are affected if the collar doesn't have a cellular connection are its ability to send notifications to your phone and display its live location on the My Map screen.

I'm on 2.5 acres and thought if my dog crossed the fence line I would get an alert but you don't. When you turn on the app and look it will pick the dogs location up but your dog could be long gone in 5-10 minutes if its really a runner. So if you're looking for a collar that you can turn on and just sit inside and watch TV without worrying this isn't the one.

I don't know if they work or not. I do know that I lost a good dog to the petsafe wireless fence because my battery had died and we didn't realize it and the dog didn't ever break the boundary or so she had us to believe. Turns out she was sneaking across the road every night and getting the wet cat food the neighbors put out. Wasn't until she got hit at 1am that we realized how great of an actor she was to her own demise.

After that, I vowed to never trust one of those types of 'fences' because we're busy and always doing stuff and can't keep up with batteries, etc. So I went ahead and fenced in my back yard with farm fencing. The best fence is a real fence. A whole back yard with a dog door is much better than 3 acres and losing them or having them get hit.