Sorry, Hi. Took a while because I wanted to give a proper, lengthy response.
So, lets see if I understand your measurement algo right. Minus the added complexity of the 16 prescaler, essentially you are counting the elapsed time of the period over and over again(essentially "method 2" in post 3), adding that time up into an accumulator until a certain threshold is exceeded. Then you divide the accumulated by the number of elapsed periods(averaging the result)? Which should essentially be the number of times you have added to the accumulator (times 16 for the prescaler).
The last part may be getting past me, but I think I generally understand otherwise. The accumulator bit is quite interesting, I hadn't thought of doing anything like that. I was considering doing some kind of scheme that measures the frequency/period multiple times then averages the results and displaying it. But after thinking about it, I came to the conclusion that displaying this alone will give a false sense of accuracy as you are filtering out any jitter that a real part may display, do to some what low Q factor. Following this logic, what I think I would rather do instead is measure the frequency and measure the drift, so I can simultaneously display the average frequency(part value) and the Min/max(tolerance). Hypothetically this will reveal a parts 'Q' factor, as changes in value may appear when the leads are moved, temperature drifts, micro-phonics, and so forth. All very important things to account for when making a realistic radio circuit as I understand.
Next, no I didn't use the caps to make an LC RF oscillator.
That's unfortunate. I would really like to see demonstrated if a low frequency measurement of a cap/inductor faithfully represents it's high frequency value. I just shuffled through my locally saved schematic archives and found the link that I remember reading about HF/LF measurement discrepancy. I guess its not that all caps and inductors will change value at different frequency's. But rather that HF toroidal inductors will change value from low to high frequency. I don't plan on making really high power radios, so I don't think I will need anything other than air core inductors. So, I think I may abandon doing the measurement in the frequency I intend to use the parts in, it doesn't seem to have much of an advantage.
*HERE* is the project with the information I was referring to. I personally would almost rather get the stuff for that meter if it wasn't both analog and only for measuring inductors. I have a box full of all kinds of Hf CMOS clocks, lots of ranges. Then again, I could try and make some kind of hybrid of the two designs or something. Who knows.
Re the Fluke multimeter inbuilt cap meter, I have a few Fluke meters and the cap meters are not great. It reads within about 5% of the real cap value and are best used as a "cap ok/broken" test.
That's understandable though. Especially if it's a model intended for repair work and not analytically/engineering work. The average electrolytic is only rated for a surprisingly high ±20% of it's nameplate anyway. So, accuracy up to 5% could even be considered excessive for such things. You're not going to make any VHF radios with it, but simple filters, buck/boost/buck-boost converters, and so forth are perfectly fine at 5%. Hell, the world is not even perfect so they say.
Part of the problem with a LC type cap meter is the relationship of cap under test to frequency is not linear. I think the formula then needs square roots to determine the cap value (or the L value) from the measured frequency. That takes a lot of processing and will hurt accuracy compared to a nice linear C=period RC osc like in my meter. I would expect my cap meter to outperform that LC meter in measuring capacitance, although of course mine won't measure inductors.
Yes, whole bunches of maths. It's all in the link I provided. Also how he managed to actually implement it in code form on the MCU is in there. I personally will be relying heavily on the fact that certain routines can compress down considerably when the PIC has a hardware multiplier. As for accuracy, I don't see how you expect the accuracy to suffer very much. He states that the mathematical accuracy is better than 1% with the 24 bit float routines. Compared to his version, I plan on using the full 32 bit routines plus having larger numbers to work with. Now I'm not great with any math that can't be done on your fingers, but I don't think an order of magnitude improvement on his implementation is unreasonable with these changes. In the end, I think the absolute accuracy, (relative to the universe/truth), comes more down to oscillator hardware and stray values and Q factor and so on. And math aside, an RC implementation is just as susceptible to such things.
If you want a good LC meter, this link is about the nicest I've seen, and is also available as a kit or just as a programmed PIC. Personally if you want to get into RF I would get his kit as it looks quite well designed and laid out, it is a refinement from his first LC meter so it has been well optimised over time;
http://www.rfcandy.biz/communication/imp_lc.html
That page also covers some of the math required for that LC osc.
Not to ruffle your feathers. But that meter is virtually a carbon copy of the meter I linked to in post #1. Yeah, it's details are different, but it's... the... same... meter... Same comparator based parallel oscillator, same maths, about the same MCU. Honestly, I would question if that person didn't just blatantly copy VK3BHRs design, rework it a bit, then claim it as his own design. Though I suppose independent discovery is possible, and there are probably only so many ways one can measure inductors and capacitors digitally. But as far as I know, VK3BHR is the originator of that circuit. Yes, there existed other digital LC meters before his. Yes, he reused a lot of other peoples work, and he gives credit to other people for much of the things he did. However, his exact design exploded in popularity, and now there are literally hundreds of clones out there of it. All very much like the link you provide, though they usually admit to getting the idea from VK3BHR up front. [SUP]
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Almost every one calls that design the VK3BHR meter, so I can't help but conclude he was the originator. And much about the link you provide screams clone. So I can't really think of what I have to say that's positive about it honestly

/). A kit/PCB would certainly be nice I guess, but I think I would rather build one myself from scratch. Like I said, measuring jitter/tolerance would be amazing to have. And I think I can do that myself. Make it to understand it, and to customize it, and of course to have it.
Again, not trying to offend, just calling it as I see it.