I have not had much luck with the inductance setting on LCR meters. Most of them are crap, inaccurate and just plane useless. I think this is the 5th cheapish meter I have tried and I have finally hit on one that works and works well. In the picture below is a 1.8uH slug tuned variable inductor. So yes, it works and is accurate and with 3 decimal places its going to be nice to use for getting those hand wound toriod inductors right. The test frequency is a bit low, it would be nice if it was in the MHZ range rather than KHZ, but for that you need to spend up big on high end gear, not $70 on ebay.