I continued my research and came across yet another tension meter made by a European tool company named Unior (whom I'm also familiar with and know they make quality tools):
After watching that presentation I knew right away it was the one for me and I just pulled the trigger. As Mr. Burkhart mentioned earlier it's important to have a means of calibrating your meter and I was concerned about having to deal with that down the road. The Unior stood WAY out to me from the the rest in this regard since it actually comes with it's own calibration gauge! (why don't other meters have this??)

Not only that but it also has a built in 12 size spoke gauge and comes in a nice hard plastic case. Final cost was around $30 more than the PT TM-1 but considering the extra features you get I think it was worth it. (Provided it works as advertised of course!)