If the app doesn't include the illustrations, it would lose a lot of value over the book.  I think I would prefer printed anyway.  I keep the book at home for study/review (makes great bathroom reading!)  And I have the smaller pocket guide version tucked away in my hiking pack.
Saying "I'm cheap" and then talking about your iPhone is quite a contradiction.  Those iPhones are not exactly bargain-bin priced.  My son has one and I have to admit it's pretty neat.  But I couldn't afford one (CHOOSE not to afford one) for myself though.