You don't need to buy a tour if you want to visit the falls. The park has very easy foot trail. You start your visit with a bust after purchasing your tickets.( Cost 40R for adults)
The bus runs every 10 minutes. If you straight want to go to the falls skip the first attraction stops such as and get off at Das Cataras Hotel then follow the trail. You are welcomed by the spectacular view of the falls. As you walk forward and get closer to the falls you will see how the view become more breathtaking . You catch great photo shots behind the rainbow and the falls. Few hours would be enough to visit the park if you don't go for Macau Safari (to me a tourist trap).
Argentinian side of the falls is bigger and needs more time. If you start your day early in the morning you can make both Brasilian side of the falls and Argentinian side. Go to the brasilian side first at 9 as soon as the park is opened spend 3 hours there than take the direct bus to Argentinian side ( Costs 30 Real =15 USD) of the falls. It runs every 2 hours starting from 10.00 a.m.( Busses depart right in front of the park. Don't remember the name. You can ask the Tourist Info)
Try to catch the bus at 12.00 u will be in Argentinian side at 13.00(12.00 Argentinian time) . Spend the rest of the day there and have the feeling you are right on the falls.
Prepare some Pesos if you tend to go to the Argentinian side as credit cards are not accepted for purchasing tickets there and it is hard to find a place to exchange money. Tickets cost 130 pesos for adults.
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