I agree. The TA7318P when calibrated are extremely useful, very fast and give an excellent indication of the extent you are driving your amplifier. They are based on absolute peak voltage, so regardless of what people think, they are showing how dynamic and how much power you are attempting to pump into your speakers at any given time.
The same TA7318 drives the meters on my Sony TAN77es amplifiers and they will easily react to an accurately display 100uS (10kHz) single cycles. Yes, they have some overshoot, but that's all fun with giant meters!