The lower the better when it comes to voltage.
I don't use an ESR meter anymore, I use a 1 kHz 400 mV square wave with a s ource impedance of about 360 ohms. I apply it to the scope probe and the DU T and observe the rising and falling sides of the resultant waveform.
The Creative Electronics Wonderbox used less. One elcheapo meter I ran acro ss used less.
Less than a half volt is good because then semiconductor junctions do not i nterfere with the readings.
I am not that crazy fond of digital meters when it comes to this. The Dick Smith is good and everything and there was another one I used for a while. The one I used went through a rigamaroll every time you put the probes on " discharging". Fuck discharging, you have a coupling cap internal - use it a nd measure the ESR NOW. I have 50 to test in this unit and I got about 10 m inutes to do it.
I just want the needle to move or a bar graph of LEDs to light up or someth ing. I do not need to know the ESR to the fifth decimal place. Nor do I nee d it to beep. Actually if someone came up witt an audio indication of a use ful type I would be interested.
Now the problem with that is if it say, emits a sound when the cap is good, fine. But it is hard to hear different levels of sound. More accurate woul d be if the DUT shorted out the audio, but that would mean the audio going on all the time until a good capacitor is connected to the test leads. When completely silent the cap is good, but htis method would be quite annoying .
I do not need a digital readout. The Dick Smith is a fine and accurate inst rument, but when my boots are on the ground I just need something quick. Th is is not formulating some delicacy with saffron and truffles, this is maki ng chili. Is it an ohm or less or not ? And then in some instances, how muc h less ? If the leads are farther apart in solid state equipment you usuall y want it under an ohm. The smaller ones are not as critical, that's why th ey used smaller ones.