Bells and whistles
I agree with Allen and others - a lock, friction knob, and vernier scale are all very useful. More useful, in fact, than any gains from buying a top quality tool.
I love quality tools and have several name brand mics, but I also have some cheapies around and find them to be very accurate and absolutely good enough for home shop use. I would say a cheap, knockoff combo pack of mics would have more utility in a homebuilder's shop than a single, high quality 1" mic.
I love the interest in machine tools and precision measurement I see on the VAF forum. The machining discipline isn't as difficult as most people think it is, and good machinist skills transfer very nicely to homebuilding. It can only make our ships better and safer.
Several years ago, I made a homebuilt CNC mill from a Chinese mill/drill and scrap industrial parts. Over time, I have expanded my machine machine shop and now have some really nice capabilities for making parts, fixtures, tools, tapered shims, etc. It has been invaluable for my RV project.
M