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Don't think small! I've used power meters to do LOTS of tuning operations. Consider an AB power stage, where 50W peak is available; you might allow 2W of quiescent power dissipation, and that means (under no-load conditions) cranking the final stage bias fully down, powering up the unit, and watching the power meter while slowly tweaking up the bias pot. When it gets to x + 2W, you're done.
RF output power is awkward to measure, too; tuning a power oscillator with a power meter on the AC input is ... luxurious. Look, ma! No more RF burns!
And that little kill-a-watt is a much nicer way to find out what the (duty-cycle-according-to-humidistat) dehumidifier really costs to run down in the basement, than an A/B comparison on 2006 and 2007 electric utility bills. I did the electric bill comparison first. Wish it was the other way around.