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Re: Fluke 87
I design electronics, use flukes all the time, but like others have never used more than volts, amps, ohms, C, and an occasional diode check. That said their accuracy and durability is great. I'll get one myself eventually but right now I get by on a $10 online one.
Do not spend money calibrating it. For regular use you'll never need that much accuracy.
I'm not sure about schockt's comment about a high resistance short though. A short is a subjective thing, it's a somewhat arbitrary threshold on a resistance measurement below which the meter will beep and above which it won't (usually around 100 ohms). The fluke will do a better job making that resistance measurement, but I don't see anything special about a meter that just happens to have a high threshold for the beep. And even a cheap meter can make an ok R measurement over a pretty wide range. Perhaps the fluke lets you change the threshold.