I've not yet tried a Parhelia. Though I very much want to.
I've only even seen one Parhelia first hand, beyond that my knowledge of the Parhelia is limited to what I've learned from those that do have a Parhelia and published tests done on the board.
The Quadro 2 EX is little more then a classic GF2 MX with a few extra Pro 3D specific features enabled. Specifically those are hardware accelerated antialiased points/lines, hardware correction of subpixel rendering errors, shared back buffer, 3D Window Clipping, larger frame buffer etc.
There are certainly far better boards then the Quadro 2 EX in the same price point at this point in time.
It'll handle basic Pro 3D rendering fairly well, and it's a respectable entry level graphics card.
Naturally the Quadro has full Pro 3D optimized drivers for almost any Profession 3D rendering application.
If your interested in the Quadro 2 EX then it may be worth knowing the GeForce1/2 can be "hacked" into their Quadro dirivatives.
Naturally that is illegal, but it's a fairly easy procedure and if your not concerned with legality of it then it might be of interest to you. Via this method a cheapy GF2 Ti could be hacked into a fully fledged Quadro 2 Pro.
A Quadro won't give you the driver support the likes of FireGL and 3DLabs can boast, but their reasonably solid with respectable image quality/rendering precision.
With the recent demise of Elsa, nVidia has acquired many of Elsa's former driver devlopers which had a HEAVY hand in the design of the Quadro drivers. This bodes well for the future improvement of nVidia's Quadro line as nVidia's typical driver team is relatively inexperienced in the requirements of the Pro3D Market.
I really hesitate to recommend any specific graphics card, or go too in-depth as I've little idea of what type of design your looking at.
If you could perhaps give me a brief rundown of the system specifications, the intended applications you will be utilizing, and the type of scenes you will be rendering then I could give you a few suggestions of graphics cards that may be suitable to your needs.