The bevel protractor is used for measuring existing angles, or setting specific angles for marking out. The Wixey can't really do that easily, its main use is for setting work up in the mill (and other things, of course). A major advantage is that it can be zeroed on any convenient surface (the mill table, for example), and the workpiece can then be set to any required angle relative to that initial surface.
Since it has a magnetic base, it can clamp on to any ferrous workpiece so as to allow you to adjust the angle before clamping it.
It has many more uses than setting up machinery. Setting circular saw blade angle, setting up long pieces for welding, etc.
I quite agree that a set of angle plates are much quicker to use, but they can't do odd angles, unless you make one, that is. And they are not a lot of use when setting a tilting vice accurately to a specific angle.
I've just realised that this looks rather like an advert: it isn't. I'm just a home user that has found it to be a very useful tool.
Edited By Gary Wooding on 19/09/2013 15:59:48