Fuel flow meters can help you adjust trim, load balance, and rpm's to most efficient combination. However, if you've had one in your auto/truck, you have probably noticed that the reading can vary from 23mpg to 12 mpg and jump up and down. With varying winds, currents, waves, load amounts and load dispositions, it is tough to know exactly what your true total mpg or gal per hr is going to be.
It is handy , though , to find the most efficient planing/cruising speeds for your individual boat set-up. The feel of how much fuel you're saving can be misleading. For example, my TomCat uses much more fuel at slow, displacement speeds, than it does at 22 knots. All my senses make me feel the slower speed is more gentle and more economical, but the flow gauges tell the real story.
Once you know the approximate best speeds/settings for efficiency, though, you'll have little need for the fuel flow gauges unless you're trying some daring feat of long distance cruising far away from a fuel dock.
Since so many C-Brats have done extensive investigation into the most efficient speeds and set-ups for cruising, you could just listen to them and you'd be pretty darned close to what your own individual fuel flow gauges would tell you - unless you have some kind of exotic set-up of engines, weight, etc..
Also, once you've decided upon the speed you want, you can trim the tabs or weight dispositon (forward, aft, starboard, port, etc.) to the best setup by looking and listening for the maximum rpm at any given throttle setting.
John