I've got the two sets from Arc – and have used several of the larger ones for jobs recently.
They may not be the best quality but they do work although I suspect personal technique is a more important factor. Not having his masters touch, I've tended to take several readings to see if measurements are consistent – mostly as a way to see if I'm doing it well enough.
I used to use calipers to do this but the bore gauges are slightly easier I feel – and my calipers are fairly long – so access to bores was a bit more of a problem ( I don't have a swing-back boring tool holder – some way down the TUIT list I'm afraid).
So whilst not essential, they are nice to have but do need practice would be my summary.
Regards,
IanT