Tropico 4 is in all honesty the best of the tropico games, It retains the humor the series is known for, and keeps the gameplay fairly tight.
The political system isnt very complex, but it does get the job done and provides some fun. Foreign support can make or break your early game, and (if you go communist) the threat of a US Invasion gives you something to try and dance around as the game progresses.
The polices and edicts are usually powerful, useful, or at least interesting. If i had to pick a complaint about Tropico 4, its that the DLC - which is included in this bundle - is honestly not very expansive. The differences between base tropico 4 and the collectors bundle is... minor, at best.
As far as gameplay goes though, i dont think you'll find a better tropico game.