Unless you know you're going to be in water over your waist, hip waders are about the most practical waders to wear. They're easy to take off, they don't pinch your clothes and are a lot less cumbersome than chest waders.
The waders are ozone-resistant, so they won't be damaged by the sun.
About the only thing that I use chest waders for is duck hunting, and even then I'll sometimes throw on a set of hip waders -- especially during teal season. Everyone has their own opinion, but I just think hip waders are less constrictive, and more comfortable.
Another plus of hip waders is that they're usually less expensive than full-sized waders. For example; the RedHead Bone-Dry Hobbs Creek Boot-Foot Hip Waders can be bought for around $50.
The Hobbs Creek waders is an excellent set for many reasons. First, they're very versatile -- the boots come with 200 grams of Thinsulate insulation, so they can be worn through most of the year. You might think that's too much for warmer days, but if you're standing in icy-cold spring water all day, you're going to happy the insulation is there. Secondly, they're very durable, yet lightweight. The waders and made of a very rugged stretchable, lightweight 3-ply nylon jersey on rubber. And, they have reinforced cushioned knee pads, which is very important if you're as uncoordinated as I am.
To protect your meager wader investment, the Hobbs Creek Hip Waders are ozone resistant, so the sun can't ruin the waterproofness of them, and the cleated rubber outsole keeps your footing secure at your favorite fishing hole.
There's really not much else to say about these waders, they don't really have a whole lot of technical aspects to them. They're just a good solid set of waders that will last a long time, and won't break your budget to purchase. So, whether you need a good set of waders for fly fishing, duck hunting, or getting out in the river for the white-bass run, check out the Hobbs Creek Boot-Foot Hip Waders.