Have you had a peek inside?
I actually just have bought a similar one;
http://www.aliexpress.com/item/SM6234E-Professional-Photo-Tachometer-Wide-measuring-range-and-high-accuracy/32419049074.htmlOne thing i have noted are, all of them seems to have roughly the same specs. Wonder if they are all the same inside. Will take mine apart later today.
Mine does read up til 1,5m away, tested with my drillpress. I tried with an 20K rpm airgrinder, but i guess the reading distance would be shorter there.
I do really like the backlight. We have some at work with no backlight, thats really a drawback IMO.
One thing that could be handy, would be having a switch to turn the digits upside down. I mostly read mine upside down, for that type of work i do. But i think it will be difficult to hack in there?