This above arrangement relies on mounts and bosses present on the bike which are intended to support a pannier exerting a mainly downward force.
It is possible that the bolted on clamp in the picture above could rip itself out of the bosses if enough braking force is applied, as the forces present are more upwards and forwards. This will be particularly the case if there is not much metal wraparound the mount.
The clamp arrangement of the £1.68 item would experience forces forwards and upwards and focused onto the seat stay. I feel that the designs of most MTB seat stays will be able to tolerate the extra force placed upon it by braking. The clamp is also held in place by the 9mm quick release bolt at the opposite end. The axle bolt is more than able to tolerate the force of braking. For these reasons, i feel that there is a strong argument that the £1.68 disc brake clamp could work and is probably more mechanically robust in theory. The reality is how reliable and sound is the clamp...... and how well it sits at the back as its a one-size-fits-all jobbe.
I accept that the £1.68 clamp is a highly unconventional solution for a disc brake conversion, but if it works then i wont need to tinker with adjusting rim brakes and unpredictable rear braking anymore. i have a ROCKSHOX REBA fork at the front which supports a disc brake without mod.