So if you were going to attempt to build a pedal, what kind of multi-meter do you need? What functions do you need? Would something under $30 from Crappy Tire do the trick?
I have color vision issues. I like my meter.I measure it all the time, particularly when dealing with small ceramics and "greenies" where the legending has worn down enough to make it hard to read. Sometimes, as well, one wants to know that caps are matched for value, such as with some filters.
As for reading resistor codes, I'm sure you've encountered resistors where the colour bands were easy to "read" but the colours difficult to be certain of. Some purple bands can look brown, and orange, red and brown are often easily confused if your lighting is not perfect. And of course, there are plenty of times when one wishes to know the actual resistance value that a pot has or that a trimmer is set to.
Building pedals and troubleshooting go hand in hand, especially if you are just starting out. I can't think of a good reason not to have a half decent multimeter on hand.Hold on...for most pedals, you don't need a meter at all if you can read resistor codes (or keep them sorted and labeled). Of course, it does come in handy for trouble shooting, or measuring transistors if you get one that has that function. I've built maybe 100 pedals and several amps and never had to measure capacitance.