Still, Nigel, ESR is not nearly the bugger for a 30µF cap in a 350v, 60ma supply that it is when working with 100,000µF (100mF) in a 5v, 50A supply where the cap is moving a lot of current where the I²R drop of the ESR becomes a significant factor compared to the supply voltage.
I'll be that bad caps show up a lot more often today because of switchers where there's little secondary DC regulation. In the 1970's where linear regulation of each individual supply often compensated for increasing ripple, bad caps in the raw supply often went undiagnosed long after they should have been replaced. More than once, you didn't see DC supply ripple in a Tek oscilloscope unless the raw supply filter cap was darned-near open!
One must look at the situation, too. A marginal cap in a power amp or table radio isn't noticed while one in an audio preamp or mixer may show up quickly.
Still, I've been messing with electronics as a hobby and/or professionally since around 1962, and haven't found that I've been hindered by the lack of an ESR meter. If I had to put the cap test items I'd want in order of importance, a cheap bridge would be at the top of the list since it can measure value and check leakage; then would come the ESR meter. I can own ten ESR meters and won't be able to make the other two tests with them.
For that matter, I've also done OK without an RF sweep generator, a flutter meter, an IM distortion analyzer .....
Dean