You can get bigger versions of those that do higher torques. I have one that has a 3/8 inch drive that does 5-80 foot pounds or 60 to 960 inch pounds. I paid around $100 Australian for each of them, which is near enough to $100 US each.

I use them all the time. It's very little extra effort over a normal spanner / socket, and is much cheaper than the consequences - most parts on the bike that'd be ruined by over-torquing will cost me way more to replace than what I paid for those tools.

The only thing I haven't got around to getting are some "crows feet" - open ended spanner attachments with a socket in them that you can use with a socket wrench.