NopHead wrote a blog post review of Elektor 500ppm LCR meter:
I recently bought a 500ppm LCR meter from Elektor because I didn’t have anything for measuring inductors or the ESR (equivalent series resistance) of capacitors, both of which are important for modern electronics, particularly switch mode regulators that have become ubiquitous.
It is also more accurate than any of my multimeters and has wider measurement ranges. For example it can measure resistance from 0.1mΩ to 1GΩ and capacitance between 0.1pF and 0.1F. This means I can now measure parasitics like contact resistance, stray capacitance and lead inductance. The principal reasons it can do this while my multimeters can’t is because it uses a four wire Kelvin connection to the device under test, and as well as measuring voltage and current, it also measures the phase between them.
More details at HydraRaptor blog.