Well, unless you don't mind the challenge of making things more difficult than they need to be, I guess you're right. Still don't know how you're going to know your exact velocities on days of various temperatures, humidity levels, or barometric pressure unless you plan on retesting across various known distances. Or how you plan on calculating ES or SD of your loads and how said environmental conditions affect your load and any effects on shot-to-shot consistency.
But hey, you're right. Obviously, it's not a necessity because guesswork is so much more accurate. :/ Seriously, for $100 you're doing yourself a disservice by not owning one.
You make it sound like you won't take a shot without one.
Shooting known distance with known b.c. bullet will show a drop. Reverse engineer the shot on a calculator and you'll get a better idea of velocity than $100 chrony will tell you.
ES and SD will show on paper, always has always will.
IMO a new handloader is better served putting that $100 to his scale budget.