Off the shelf shotgun approaches to soil/tree health is a mixed bag indeed. Just like introducing non endemic mycorr products I suspect introducing "beneficial fungi and root colonizing bacteria" will either find its niche or it wont. (Keizer, Ferrini, et al)
It is not a bad thing to diversify soil biology by adding ubiquitous strains of microbes/consortium of beneficials, whether from a product bag or from the kitchen compost but is it the best way to spend $110?
1 PHC Compete Plus = 5 /.5lb packets for $110
for $110 I can get >2000lbs of compost and have a much better product for the tree.
Adding intact organic matter is the best way to go for tree fertilization, imo. If the site does not allow it then consider a controlled slow release product. Use ISA BMP and ANSI A300 part2 to help selection.