The reality is that most of the test kits work 'pretty' well, including API. None are lab-quality. The majority of the Hanna Checkers are just colormetric tests just like everyone else's. If you want to pay 50 dollars to have someone else (the photo sensor) read the color chart for you, go for it (I just have my wife look as well if I'm unsure). Just remember that if it gets out of calibration, it's time for a new 'egg'. There is a lot of 'elitism' in the reefing hobby but the reality is we were keeping reef tanks just fine long before the Hanna checkers existed.
That said, I do use one: The Marine Phosphate ULR as the Hanna ULRs are the only ones I know of that read the low ranges we typically maintain today.
So here is what I use (not a recommendation of these over others just another data point for you):
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Source water chlorine/chloramine - LaMotte
Source water - TDS - HM Digital
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Ammonia and Nitrite (when needed) - API
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pH - API
SG - Marine Depot Refractometer
Nitrate - API
Alkalinity - Salifert (because I wanted finer resolution than the API test)
Calcium - Salifert (because my API test expired and the Salifert was in stock)
Phosphate - Hanna Marine Phosphate ULR
Magnesium - Aquaforest
Significantly when I changed from API to Salifert for Calcium and Alkalinity my readings did not change. My Phosphate did change because all I knew from the API test was that it was more than 0.0 and less than 0.25ppm. It ended up being 0.05 do I really need to know that? I doubt it but I don't want to get in trouble with the test kit police around here
The only changes in testing I plan to make is to pick up a new Tropic Marin High-Precision Hydrometer as backup and verification and get a good separate temperature probe, not sure which one yet though.