The measured vertical accuracy error of MICSIG STO1104C is less than 1% in most cases and less than 1.5% in some cases, So the third digit is useful
Yes it most certainly can. But a spec in the datasheet doesn't cover "some cases" or "most cases" but it covers
"all cases". There is always some breathing room on top of the spec to make sure they can guarantee that every scope leaving the factory meets that spec.
I'm not saying that the 3rd digit is useless, but what i mean to say is anything past 2 digits on vertical can't just be blindly trusted to be accurate. If you do want to use digits past that , then you have to make sure the scope is in the best possible configuration and also repeat the measurement from a few slightly different configurations to make sure you get the same result. With a bit of manual null calibration and averaging i'm sure a decent scope can actually be more accurate than cheap multimeters.
Scopes can take a significan't amount of knowledge to use correctly. And its not just about knowing how to set a scope up correctly, its also a lot about how to correctly probe things, especially for high speed stuff above 10 MHz where all sorts of things come into play like probe loading, correct grounding, bandwidth limitations, time delay over cables, impedance matching, reflections etc. A lot of the time a fast square wave looks crappy on a scope just because the scope is showing it like that rather than the circuit actually generating a crappy rounded wobbly overshooting square wave.