I have never owned a leaf shredder and see no reason to either. I have way too many acres to rake leafs. In the fall I get the mulching blades sharpeded on mowers. When the leafs start to fall I start cutting leafs and blow them to the center. If I get too many, then reverse direction. After leafs are chopped I could pick them up with a bagger on mower or continue to mow until they are all gone. Just depends on how hard I want to work or if I need compost. Sometimes I put plastic bags in bagger and save leafs for next years garden.
When I had a family, I would till garden in the fall and then stack about a foot of leafs on garden. Half would be decomposed by spring and at the end of the summer all the leafs were gone.
My mowers are 6 footers and the bagger is on a 4 footer. Can't tell you the last time I raked leafs, let alone picked the up with a rake and them in a bag.
I compost all the time. Never chop things. Just put in a pile, when pile get big, add a scoop ofs wood chips and dirt, then mix it up with loader. Makes great compost in a year or so. Just used some good compost today when I planted apple trees. George