If I remember it right, the IEE Wiring reg's say the test source for testing insulation of low voltage equipment energised at 230 V AC must provide not less than 500 volts DC into a load of 1 megohm, other loads pro rata. Sorry gents but I don't think your windey Meggers do this.
I take Phil's point about liking analogue meters – I happen to prefer my digital, but it's horses for courses. However I can't let the assertion that a simple multimeter is sufficient to prove the equipment is safe to energise go unchallenged, the Regs say otherwise. By all means go looking for a fault with a DVM, but the testing to prove that it's safe to plug it in to the mains has to be done at an elevated voltage. Phil's right, all you often need to find there is a fault is a sense of smell!
The use of 5KV (flash testing) would only be warranted if the equipment was being re-designed or modified, or there was some reason to believe that a simple insulation test was insufficient. Or you've got a particularly difficult customer!
Mince Pies out for Santa + 4 days!