Well, I disagree a bit on this. I find the densitiometer very useful in making initial decisions with a new negative about printing speed and the type of contrast control that will be required. I measure the shadow values, which tell me how long exposure should be, and then the highlights. Substracting the shadow from the highlights gives the negative DR which I can then used to determine how to control contrast.
If you are working with an alternative process such as platinum this way of working can save a person a lot of time and expense over trial and error. I know that some people claim that they can just hold a negative up to the light and immediately know how long to print and what the contrast will be, but unfortunately I am not that talented.
Sandy