Hey Chris,
The big advantage that a tensiometer has over a simple tension gauge is it measures the force while the tape is in motion which is a more real world measurement.
If you're going to do you're own adjustments, you need a tensiometer. The Tentelometers aren't that hard to find on ebay. Getting one that works correctly at the range you need is a different matter. Luckily, they aren't too expensive. Buy yourself a decent set of weights for calibrating it to the range you plan to measure. Also, try and find one with the rollers on the probes. Otherwise, the readings will be skewed depending on which direction the force is coming from.
If you can't find one with the rollers, a work around is flipping the meter over on the same side you've already made a measurement (take up or supply), laying on your back and using that measurement for the other side.
You should always have a reel of tape that's the same as the tape you plan to use (don't use an important tape for doing any measurements/adjustments, they can easily be damaged). Tape backing thickness and stiffness can make a few grams difference in the measurements.