I was diagnosing a bunch of different electrical issues on a friend's old Gulfstar last week, and my NewMar (by Extech, see page 1 of this thread) was so handy. I used all the functions, AC and DC other than frequency.
One great feature I was quickly reminded of is the physical design. Beyond the fairly small size noted in my first post, I could lay the unit down upright due to its horizontal, flat sided layout, in any number of odd places, which made it very easy to take and see readings while moving the probes around. It's easy to see why NewMar picked this unit for working on boats.