Thanks. Thought I'd update in case anyone else ever had the question. I went ahead and chose the parachat, figuring it's made by the same people who do the boards. They did have a discount available after I signed up, so I was able to get more features than I thought I could.
Overall, I'm very pleased. It shows who's in the chatroom at the bottom of the board right under the who's online section. They have some emoticons I could do without, but I can't change them because it's hosted by them and not me. Other than that, I'm happy with it.
Oh yeah, and you guys will love this.... I cannot log-in to the chat administration section using Internet Explorer. I tried and tried; and then I tried in Firefox and it worked fine. Tried again in IE, and still no dice, LOL.