I still can't get my head round why you want to even consider such a crude instrument that only indicates voltage bands, and is really only any good for proving live or dead.I don't own such a thing, always using a proper volt meter to measure the actual voltage present with a much greater degree of certainty.
For a much more versatile instrument, for about that price I bought a clamp on AC / DC ammeter that also reads proper AC and DC volts, and resistance in ohms, on a 31/2 digit display.
A "Proper volt meter" or "Multi function meter" is lacking a few fail-safe options that an "Approved Voltage" detector,
(or crude instrument as you call it), has... lets consider the pros & cons, especially the situation where fault finding an unknown circuit:-
1/ How many test leads do you need to put across the conductors to get a reading?
Volt Meter (or MF tester): Normal 2.. need a neutral or earth reference.
Approved Voltage detector: A voltage presence indication can be read with only one probe connected to live!
Its not uncommon whilst testing older lighting circuits with no CPC, or a modern light circuit with a broken CPC,
that the single switch lives have no 'N' or 'E' to reference to!
2/ How can you quickly check your display is still working?
Volt Meter (or MF tester): without having a known reference voltage handy it is difficult to prove your LCD voltage display hasn't failed part way though your investigations.
Approved Voltage Detector: Most have a built in test button that illuminates all of you LED's to verify they are all still working..
can be pressed each and every time before use quick & easy! (and safe
)
3/ What happens when the batteries get low or die?
Volt Meter (or MF tester): Most meters need working batteries to give a voltage indication!
Approved Voltage Detector: a reasonable spec tester will still be able to illuminate a warning LED with Low batteries or NO BATTERIES in when testing between a live & Neutral. (bit more fail safe
)
4/ What are the chances of the tester accidental tripping an RCD if you stick it across live circuit?
Volt Meter (or MF tester): If using an earth as a reference point cuz no 'N' available, some meters will trip an RCD when reading a voltage between L & E!
Approved Voltage Detector: NO as a general rule they don't trip RCD's!
Volt Meter (or MF tester) - VS - Approved Voltage Detector:
They both have their particular uses in specific applications,
in some situations one is safer than another?
IMHO a good electrician will have both bits of kit available for use in his toolbox!
put the kettle on