A chronograph is one of the cheapest ways of getting factual information about what your loads are actually doing. As such, I think a chronograph is an essential tool for my load development. It is also a really interesting way to deal with the B.S. that some people who have never used one believe about their rifle/loads. Facts are always fun and useful.
I think there are many chronographs that will do an adequate job for the average loader. Modern technology makes them pretty reliable, and I don't know of one that won't give you the high, low, average, extreme spread, and standard deviation of a string of rounds. Printing might be nice, but I just take a notebook when I use my older non-printing model. Make sure you can get replacement "sensors" and sky screens because, sooner or later, someone will shoot them.
This, above.
Useful tool.
Not a requirement by any means, but a useful tool, if you wish to get serious and also if you wish to try to push the performance levels up into the top end of the range.
All 'need' has to be based on YOUR usage!
Beyond some very basic stuff, you don't 'need' very much equipment to reload, after you buy your components (powder, primers, etc.). Some stuff (a press, dies, bench) makes life easier, some stuff improves consistency (scale, caliper for measuring) but you don't 'need' them, just to reload. You will want them, if you are reloading for accuracy or max performance, though.
Yeah. Need is pretty much relative to purpose.
You CAN calculate your performance, using such info as the Bc of the bullet, and the drop at different ranges with the same sight settings (lotsa math, and no, I can't giv you the formula either

), or simply shoot it and learn the trajectory by doing so, but a Chrony is easier.
Cheers
Trev