100% agree with this. My multimeter has saved me untold thousands of dollars in unnecessary part replacements and time.
There are however, exceptions on occasion. Like intermittent electrical complaints/problems. Those are the worst.
This just happened to me on a 03 Chevy with a starter problem. After hours with the meter, testing every single ground/connection I ended up just replacing the starter and BAM, it fired right up.
I even took it to a local starter/alternator rebuild place and they tested it in front of me, but in the end my gut feeling took over and it ended up being something internally intermittent.