Well, to be honest, that is totally useless to check the condition of caps. First of all these are very inacurate when it comes to measuring the capacitance, but most of all that is (usually) not the problem with caps. The problem is that they start developing a "serial resistance", also known as Equivalent Series Resistance
http://en.wikipedia.org/wiki/Equivalent_series_resistanceYou can't measure that with a regular DVM.
Here is a good explanation about it:
http://www.radiodevices.info/esr/esr4_en.pdfThis is the manual of the actual ESR tester that I've got. It's 75 bucks INCL. world wide shipping.
I was in the "cap-kit everything" boat too, until I got this little gem.....and I started to realize that I had been wasting time and money.....esp. time.
Most caps are still good, yes even after 30 years. The smaller the cap, the more likely it is to fail. With this tester you know for sure...and especially because you have such a LOAD of hardware to do.....