I don’t care what the absolute speed is, either on a mill or a lathe. But in the past, in a noisy environment with several machines running, knowing that a mill has slowed down slightly under load when you can’t hear it clearly has been useful information – and to find this out effectively means that firstly, you need to know pretty accurately what speed it’s actually running at, in order to resolve the differences, and secondly that this speed indication should be independent of the driving system – so using the analogue output from an inverter won’t do. Also, I don’t particularly want to do this with a hand-held tacho either – I’ve tried that before and whilst it might be okay for some, it’s not for me.
Obviously I recognise that this generally wouldn’t apply in a home workshop, where generally only one machine at a time is running, and you can hear what’s going on. But that still leaves the ‘anal’ reason for wanting to know, of course…

As for DRO’s – well, what Meyrick said, as far as I’m concerned. But my DRO is definitely in a case!