Hiya,
I got married 9 years (almost to the day!!) ago. We paid for fancy portraits and a wedding photographer and to be honest, after all these years the ones we like the best are the candid ones that friends and familiy took. They are the ones that really captured the spirit of the day.
I think taking the money you would've spent on a pro photographer and spending it on a nice camera is an awesome idea. You'll do some "formal" portraits and you really don't need a pro to do those... especially if you make sure he/she is shooting raw and can touch them up in photoshop later on.
One idea a friend of ours tried is to put disposable cameras on everybodies table, and they had an enormous amount of candid shots by the end of the night... turned out really cool.
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