The 4K teardown looks great. Definitely much better than upscaling 1080p. (To be fair, the upscaling shader code is tuned for upscaling images of models, not PCBs!)
As for the meter, I have had plenty of problems with the rotary switch on meters used in the field. A bit of dust gets inside and the switch becomes intermittent until the meter is disassembled and cleaned. A pushbutton control or even a slide/rocker switch can be more robust with less to go wrong. Or even a dedicated low voltage socket like what the Mooshimeter has.
The display is a nice idea with a big flaw. I have seen a LCD that was black on white with ambient light but white on black with backlight. Any reason they couldn't have used that?
Aside from the display, if they add power measurement and Bluetooth, it can very well become a contender for top pick of the budget meters.