The Flashmate L-308B suitable for working with the FS100?

Im sitting here looking at 2nd hand gear and came across the Flashmate L-308B. It's fairly inexpensive, but I haven't really used a light meter since the first year at photography school, so I want to hear you guys opinion.
I'd be using it mostly for controlled setup in daylight as well as lit situations.

Is it worth the relatively small expense of 150 dollars?
 
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