Being a colour worker who mixes up his own chemicals I find I require a pH meter and many years ago I found the Phep pocket meters to be terrific, because they worked and are cheap.
The second model I purchased is waterproof and is computer driven. That is, the temperature of the solution is accounted for when making measurements, you don't have to get the soloutions to 25º C for accurate measurements. It takes literally a few seconds to measure pH of almost any solution once it's calibrated, which is also very easy.
I would seriously look at the Phep range of meters, they are available ready to go for about $130 Australian, which is something like $100 US.
To answer your question about whether or not it is worth having a pH meter for B&W (I assume). With regular mixing of different solutions you'll be able to monitor things you don't know you should monitor but you do, with funny effects later on.
An example, is the first time I used Xtol developer when it was released. I purchased some 1 litre kits and thought I would give it a go. I monitor all of my developing and I noted the pH of the solution after mixing, in my notes. This was some years ago as you would know. Eventually I used up my 1 litre kits and went to buy some more, only to find out that the small kits had been replaced with the huge kits that I didn't need or want. I decided to give Xtol a miss.
Recently after finding this site I managed to find what appears to be the Xtol recipe, I'm currently one item short of the necessary chemicals, but when I acquire it I'll be mixing up my home Xtol and then I'll monitor the pH from the original to what I've mixed up. In this instance you'll find pH meter quite handy.
I'm by no means chemistry minded, I just read lots of articles and stumble along reasonably well. I do find intermittant use for a pH meter in a B&W darkroom for accuracy. However in a colour darkroom, it's pretty much an absolute requirement.
Mick.