I agree that the meter should meet whatever spec they publish, but why would you want to measure a >100uF cap with any accuracy? They're usually electrolytics with lousy tolerances like +/- 20% anyway, and are not usually used for applications like filters were you need accurate values. I've never felt the need to know the value of an electrolytic cap, except to know if it's not shorted/open. If it's about the condition, ESR and leakage are more useful parameters. But I guess it might be different if you deal with extremely low frequencies (<10Hz or so).
BTW, on the low end of the market, this
AADE L/C meter kit has gotten good reviews. Less features than the expensive ones, no R/Z/ESR, fixed frequency per range, no high ranges, but only $100 or so, and good accuracy and resolution.