Cobras, no chance of the size changing because of the spring button. Alligators are similar idea to channelocks to adjust size, but have their own unique system...I saw another German brand use this system (Wiha?).
Cheap slide lock pliers can easily change size while you use them, Alligators hold very good. One thing I like very much about Alligators, you can 1 hand operate and change size with them, when you get the feel for them, they are "better" than Cobras.
Irwin and Channel lock, for DIY or just anyone that does not constantly use water pump pliers would prabaly not get any benifit from the Knipex. There are many small design differences within these 3 popular brands, the big thing about Knipex is there hardness - HRC. The jaws will grip the hardest and keep there edge longer, but again, most people can get by with the Irwin and CL for years and not have problems.
Not to be mistaken, Knipex are fantastic, but there are other worthy water pumps out there. On the job and you need a quality tool, Knipex