You could and that might be OK for some applications but I find it very nice to not have to turn my head and shift my focus to go between identifying the physical location of the part (with the tweezers) and the value (with the tweezer display). I've used various tweezer leads and contacts before, and have had a DMM on the bench prior to tweezers, but I generally end up with yet another pair of leads dangling down or across the workspace and knocking stuff around (and onto the floor). Maybe I'm just a klutz with bad eyesight but I do like the smart tweezers better.
Glenn
Guy Mac> Or you can simply buy a set of BK Precision TL 8 Tweezer Test Leads