The Simpson meters are usually 20k ohms/volt, unless they've updated and raised that (which they might have with an input Fet). That means a 1M input impedance, if your on the 50v range.
If you needed to measure grid voltages, that resistance can be significant when you have a 200k-1M grid reference resistor. Most consumer VTVMs are a 10M input impedance, plus 1M in the probe, for 11M overall. That means little meter loading up to a 1M impedance that you're measuring, and little deviation in measured voltage vs actual voltage.
With most meters, you can't hope to probe a long-tail grid or bootstrapped cathode follower and get anything close to a meaningful measurement. My HP 412A meter might only be good for DC, but there's a 122M input impedance, and higher on some of the upper ranges if I remember right. Good technique means I probably still wouldn't measure grid to ground on those special circuits (their real input impedance is much, much higher than the circuit resistances would have you think), but for most anything else the deviation between reality and what the meter shows is small enough that I can't see a difference on the analog scale.
That's the real reason for any electronic meter compared to the old-school Volt-Ohm meters that did not have electronic buffering to raise the effective impedance.
But then again, sometimes they're better than expensive DMMs. I have a Fluke that would set you back $400 when it was new, and it has a lot of useful functions. AC, DC ohms, current, continuity, diodes, cap value, peak-value, RMS, freq counter, etc. But if you get a too-low AC frequency, the meter gets confused and won't give a stable reading. If you go too high, the meter indication falls off (too high is often ~100-200kHz). The frequency counter has a fairly limited range: audio and a bit more (maybe to the same 100-200kHz, don't have the manual handy).
So there's plenty of specialized stuff out there that won't do everything, but what it does, it does better than anything else out there.
I'm eager to test, calibrate and try out the clip-on current meter I've got. Yeah, we can slap 1-ohm resistors in stuff, but It's also cool to have a tool to use on many circuits now and without unsoldering a wire and putting the meter in series.
Anywhoo...