I have one of these lenses. The light meter is at the front of the lens, just like those old 35mm point and shoot cameras from the 60's and 70's. It's old, and I've had to have it repaired, and it's still not that reliable.
It's fun as a novelty item, but isn't a good choice when film and processing is so expensive. You can use it in manual mode if the meter isn't working properly, so it's still a useful lens.
I wouldn't pay more for it than just the standard lens. You'll want to have a good handheld meter anyway, so just get good at using that quickly and efficiently.