How do the Raynox's work - as a newbie not heard of one of these before reading this thread
The Raynox DRC-250 (and also the less powerful DCR-150) is basically a supplementary close-up lens. Sometimes known as a close-up filter (though it's not, because it doesn't filter anything) or diopters - which is the measure of the strength, eg +1, +3 etc. DCR-250 is very powerful at +8 diopters, allowing you to go very close. They work on the same principle as reading glasses and simply screw on to the front of the lens like a filter.
They do reduce image quality, and the stronger ones reduce it more. Edge sharpness suffers particularly, and it can be very noticeable at low f/numbers. You also get field curvature and distortion.
That doesn't sound very good, but in practise it's often not a problem with most macro subjects because you have to stop down to a higher f/number to get sufficient depth of field and most macro subjects are around the centre of the image so the edges don't matter much and they'll most likely be out of focus anyway.
If you shoot critical macro subjects, like coins or stamps, you'll be wanting a pukka macro that will keep the corners sharp, at low f/numbers, and keep square things square and round objects round. But otherwise, you may be hard pressed to see much difference

See all those great images on the Flickr link I posted above.
FWIW I sold two macro lenses and now use tubes on a 70-200 zoom. The extra focal length and flexibility of the zoom are very handy and they work very well for me, but I'm not that seriously into macro - more flowers and butterflies than beetle portraits. The closer you go, the harder and more critical it gets.