First of all I want to admit that none of my concentricity gauges cost me a dime. Currently I have three, one that straightens. I like knowing what a given piece of equipment does to my brass, and loaded ammunition.
Years ago, using my H&H gauge, that supports a round near the head and the tip of the bullet, that I have set up to read runout where it shows the largest reading for a given round... I used the straightening feature to bend a round so that it had about .0035 runout, chambered the round and then measured the runout at about .0015.
For those that have the money, if you want the straightest possible brass, there are two options, use a one piece die that has the neck ID that produces the neck tension that you want without additional work, or use a SAC bushing. Recently I have ordered a couple of these for a friend and sized a few of my own cases before he picked them up. They are amazing. On the one piece die thing, I have a Hornady (the cheapest 6PPC die that they make) that produces neck OD of .257. The runout at the end of the case neck, measured with my Sinclair gauge, is under .0005.
In benchrest, there are things that we know produce greater accuracy, and some that we do on the chance that they do, or simply to have more confidence in our ammunition.
Years ago. my first gauge told me that my one piece RCBS FL sizer was mangling my brass. I learned that it was straighter if I pulled the decapping assembly and expanded the over sized necks with the expander die and mandrel that I got to use with my neck turner.
Learning about the differences in die performance at that level was useful. Later on, I occasionally was surprised to find that some whiz bang piece of supposedly top end equipment did not perform as expected, but most did. I would not be without one, but the ones that I have only come out of the drawer when I need to find the source of a problem or evaluate a piece of equipment.