5) The Power supply is not isolated as some have stated here - the supply is separate from the measured signal but has a common ground.
Nobody said that power supply
in the panel meter is isolated. The main issue is that power and signal wires are not isolated inside panel meter - this creates issues with powering and isolation.
In posts above it was stated that it is
recommended to use isolated external power supply (w.r.t. to your circuit) with this panel meter. Doing it this way allows to achieve better results. Keep in mind that when you connect isolated power supply to this panel meter and connect panel meter to voltage of interest in your circuit, isolated panel supply is not isolated anymore w.r.t. to your circuit.
You can also power these panel meters directly from the same circuit you are making measurements. This has disadvantage of lower precision.
Older type of panel meters could only work with isolated supply - that is a bit annoying when you are dealing with DC circuits. Most lower precision type panel meters only provide non-isolated power and signal wiring for convenience (2 wires - GND and V_power/V_signal or 3 wires - GND, V_power, V_signal).