"Meat Plow"
http://www.youtube.com/watch?v=zEA5MfllPdg
Not a bad little meter for the $$$$. Anyone who does work on consumer
electronics ought to have one or something similar. Removes a lot of
guess work.
** I disagree.
An LCR meter is more useful for design and production than in servicing.
Many low cost DMMs include capacitance ranges that can measure from a few pF
up to 200 or 2000uF.
A dedicated ESR meter handles electros just fine while in circuit - and
lets you test all kinds of cells too, which an LCR meter often cannot.
Any DMM can read the resistance of an inductor or transformer winding.
The only function left is to measure inductors for value.
..... Phil