The drop test kits are very subjective and not very accurate. I (and many others I note) just cannot seem match the colours to the charts provided. (To wit: ask the wife).
The digital meters can be a lot more accurate and for repetitive testing are a must have, but their major draw back is calibration (espcially the cheaper pH meters) - again it all boils down to cost. I have a cheapo digital pH meter 'From Hong Kong' works well enough, but then again I have nothing more accurate to test it against. My low & high range drop tests appear to concour with it.
If you have the money, do a lot of testing, know how to use them and what they testing for and know how to calibrate them, then possessing them is a no-brainer.
Andy