i wouldnt call it useless information, if it was useless, why do modern engines rely so heavily on it? as for sell, not so sure, plenty of different branded EGS monitors out there, i have one on my 912..
The key is interpreting the information given!!
A mag check at cruise RPM will show up a slowly dying plug, well before it shows up on a mag test at Runup. and as there are 2 mags, (ignition systems) and knowing which plugs are fired by which system, i can determine exactly which plug is fouling, or slowly degrading, saving huge amounts of time trouble shooting when a dead plug shows up in a ground runup.
they are a great diagnostic tool if you know how to read the data and interpret it... example, if you turn one mag off, and get a small rpm drop, what does that tell you?
what if you have an EGT gauge on every cylinder, you do your mag check, and note a small rpm drop as before, but this time, all but 1 EGT rises? whats going on? ,