Harbor Freight had a 25% off coupon for today, New Years, only. I went there and found what I think will be a very useful gizmo to have for my lathe.
It is a contact tachometer. Nothing new in that. But, this one also has a switch to select "Surface Feet Per Minute".
I used it already to compare the calculated RPM for each drive belt setting on my 9x20 lathe and every belt position showed a higher RPM on the digital tachometer than the belt chart said it would be, and that is good information to have.
http://www.harborfreight.com/digital-contact-tachometer-66400.html