50c - $2 - $10 - $50 works much better for those games than using snappers. This is one great way to use a single chip set for both cash and tournament without any of the denominations seeing double-duty.
I agree that the only need in limit is an unending supply of a single denomination. I prefer the 3/6 structure myself, but 20/40 plays nice with reds. 15/30 is still my favorite for some reason.
I think this set for a .50/1 set would be pretty cool actually. and the .10/.50/2/10 makes an ok .10/.20 micro set., but I'd still rather play this with .05/.25/1/5/25, as my .05/.10 game playes on thursday nights.
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