No, not really. These items are largely outclassed by other items like Choice Band and Choice Specs. The choice items actually give significant power boosts (50%), while Muscle Band and Wise Glasses only raise Attack or Special Attack by a measly 10%.
Sure, choice items lock you into one move, but the high boost in speed or power makes it worth it. Plus, good players can get around this. So, most people don’t use Muscle Band or Wise Glasses, as they pretty much waste the item slot.
If you don’t want a choice item, Life Orb, Z-Crystals, and other items will do the job.