Mike: You make it sound like a Chronograph costs as much as one of your guns! Really, you can buy them for around $100. There is absolutely no reason why several friends, or even a gun club should not pool money to buy a chronograph that everyone can use. Mine doesn't get as much use as it could.
Yes, you can tell a lot about loads without a chronograph. I did it for more than 25 years before I finally owned one. But, I spent hours learning all that information about reading patches, penetration testing, and other indications that my load was either good or No good. The Chronograph helps cut through all this guesswork, and gives you data you either can repeat, or can't. It shows you what happens when you change loading components, or loading techniques, or even cleaning practices.
My Brother and I used a Chronograph to check out something he saw at his first Chunk Gun shoot, and that was shooters lubing their barrels after seating the PRB. The Chronograph told us 2 things of use. 1. The Lubing gave the load about 25fps more velocity than the same load shot without the lube. 2. The Standard deviation in velocity went down when the barrel was lubed that way, compared to shooting the gun without lubing it. The Decrease was substantial, enough to show improved group size.
That bit of knowledge has proved invaluable, and justified the cost of the Chronograph( about $80.00 for me). As Dan from Montana indicates, the other use a Chronograph can help you is to find a comparable load for different temperatures of shooting, and also help you tweak a load when you get a new lot of powder. As long as you can get the new load to shoot to the same velocity, the barrel harmonics will be the same and you should get the same accuracy with the new component.
I grew up without air conditioning in my house. But, I would not be without it today. I feel the same about the Chronograph. I can live without it, but I have better things to do with my time at the range than to work up the loads the old fashioned ways I used to use. When someone tells me a different way of doing something, I can try it out quickly over a chronograph, and find out if it helps or hurts my load, and shooting.