Here we go again JedRothwell. If Mizuno really has a 3kW reactor that runs on 300W of electricity, you really think anyone needs a highly accurate power measurement? For what, exactly?
Several reasons. What they boil down to is that accuracy, precision and speed are needed to learn what the reaction is doing. There is all kinds of fascinating information in the way it responds to heat, the time it takes to heat up and cool off, and so on. Also, it is a big help to have a fast-response calorimeter that tells you what is happen on a short time scale. I would love to see results from a microcalorimeter that works on the 0.1 s scale! However, rapid calorimeters can only measure small reactions. That's a trade off.
It is similar to looking at a sample with your eyes, or through a magnifying glass, a microscope or an electron microscope. All four methods have value. All four should be used. But at present our tools are limited to the equivalent of using our eyes.
Many others diagnostic tools are needed. Not just calorimeters. Mass spectrometers and SEM, for example. Unfortunately, they are not available. Mizuno's SEM was busted in the earthquake and it will cost $30,000 or so to fix, I think, which is $30,000 more than he has. Beyond that, there are wonderful modern diagnostic tools used in the semiconductor industry that would probably tell us a terrific amount about what is happening. With such gadgets, we could probably learn more in a month than we have learned in the last 30 years. Jean-Paul and others have told me they range from $50,000 to a few hundred million each. $50,000 might as well be $1 trillion.
A 1-W reaction subjected to these marvelous diagnostics would be far more beneficial than a 3 kW reaction measured with "quick and dirty" techniques. Such techniques would probably not reveal anything useful about the reaction. They would not convince any hardcore skeptics such as THH or anyone at the DoE, so they would have no political benefit either.