I can endorse the Anatek Blue ESR meter, which I built from a kit. It's cheaper as a kit (80 vs 99), and the kit isn't hard to put together.
That meter is basically a low ohm AC impedance meter. It works well for diagnosing failed caps, where precision isn't necessary. It works in-circuit, which is useful for service work. It is not a precision LCR meter, and doesn't pretend to be.
It's good for those times when you have a failed circuit that used to work, and you kind of suspect bad caps. Without going into too detailed troubleshooting or tracing schematics, you can quickly check each electrolytic and see which ones need to be replaced.