I own a optical chronograph, a Magnetospeed, and a Labradar. I shoot on public ranges, and the OC was such a PITA to set up, that I rarely used it. Skipping the OC due to the extra hassle of set-up shows that a chronograph is not essential for developing an accurate load.
The Magnetospeed can be set up on a hot range, is easy to use, but it attaches to the barrel and so affects harmonics. Still, the MS is a good reduced-cost option.
The LR can also be setup on a hot range, is easy to use, and doesn't affect harmonics. The LR is so easy to use that I pretty much always use it. I frequently use the MS and LR together on the same shot, and they produce readings within 2-3 fps of each other for ~3000fps MVs, which is within the stated error of each machine. I have an inertial trigger for the LR, but rarely use it because I don't have problems getting the unit to trigger off of its acoustic trigger, and I don't get false triggers from adjacent shooters. My only complaint with the LR is its 3900 fps limitation, which I bump up against with my 22-250.
To each his own, but for me, the LR is the preferred option because it is easy, accurate, and doesn't touch the barrel.