Hi,
A few thoughts on chronographs:
A truly "experienced" reloader probably has and uses one. It's an invaluable tool to learn WHAT your loads are doing, and HOW WELL. One of the first things most folks observe is the wide variations between what the book says is going on, and what THEIR gun is doing. And then they'll find some of their loads are much more consistent than others.
I'm a believer in the theory of evolutionary creationism. That's the theory God invented the really important stuff first, then followed w/ the lesser stuff. In the chrono world, pencils and paper came along way before the electronics! Always keep a log book w/ you when using the chrono, and write everything down in it. A few units have a tape printer, but most don't, and you'll want to preserve all your data where it won't get lost. "WRITE IT DOWN" still echoes in my head since I got my chrono 30 yrs ago. Old timer did me a great service!
Some units have more bells and whistles. Don't worry if all yours does is give you the velocity and no other calculations. You're using a computer to visit here, so make it work for you a little at home: a spreadsheet can be set up to enter all your velocities and give you the "buzz stuff" that's helpful. My Oehler 33, long since discontinued, does those for me, but I write them down, too. It gives Hi (max velocity), Lo (min velocity), ES (extreme spread, difference between Hi and Lo), Avg (average of all the shots in the string) and Sd (standard deviation, a statistical calculation that lets you know how close to the average your string is holding.) You can set up your spreadsheet to do all these, or have someone show you how.
Sd--standard deviation--gets a lot of press, but few know how it's derived or what it tells us. Most are enamored of a low number, period. I like to look at the percentage as a better guide. For example, let's do a pistol round at 750 fps and a rifle round at 2500 fps. Both have an Sd of 30 fps. As a percentage, that's 4% for the slower pistol round, but only 1.2% for the rifle. What that tells me is the rifle round's almost perfect, but I'd want to work on the pistol round some. I have a self-imposed 2% figure I try for. That's not ALWAYS possible, but has worked as a "general rule" for me.
And on that subject, when you're working w/ revolvers, pick a chamber to use for your testing. Each chamber's ever so slightly different that it can skew your results. I you want to know what the load will do w/ greatest accuracy on paper, run a string w/ each chamber. You may also wish to run a couple of strings thru a full cylinder to see how close they can hold for field use.
How many shots do you need to shoot in a string? I've found five is a minimum, and more than 10 is seldom required.
How far away should the chrono be set? W/ my Oehler, I do rifles at 15 ft, pistols usually about 10 ft, and shotguns at three feet. Align everything VERY carefully! Yeah, it sounds odd that one would shoot their chrono, but it happens all the time. I won't tell you why my Oehler SkyScreen boxes have black electrical tape on them, or why a roll of same is in the kit when doing chrono work!
Expensive or cheap? A buddy's got the basic $100 Crony, and the numbers are so close to the Oehler, which was about $300 IIRC, as to be identical. The machine itself is just a counter, and those chips don't cost much. It's the bells and whistle that cost. So the budget's up to you.
Watch the weather, too. Temperature differences come into play, and you may find some loads are more or less sensitive to changes there. You may also find your machine works better when the sun's hitting the screens from an angle than from straight above. Most units today have diffusers to help avoid some of that problem.
That's enough rambling for now... have fun and learn some things. Soon enough you'll wonder how you got along w/o a chrono!
Rick C