How much stronger would I be if I had mercenaries?

Merc provide some passive like DR, armor, fortification and attack speed. It benefits you depends on your build, like fortification benefit overpower build. There is one Mercenarie called Sobo is the most useful for farming as it provides you a map hack ability The runes give you some passive attack, max life and also a lot of utility.

The utility is helpful, the difference is like you travel with your own car or use public transport.