Refractometers are great tools for quick checks here and there (hot wort, fermentation progress, etc.). But having to make adjustments for alcohol content (which often means using an online calculator) is a bit of a pain. But the alcohol issue is just the well known one; refractometers generally use a "BRIX" scale which expects a sucrose solution. For beer a correction factor is applied (often about 1.04) to allow for it being a maltose/maltodextrin solution; again the online calculator does this and sometimes these calculators allow the factor to be "calibrated" (certainly offline computer calculators should be able to). The problem with the "factor" is that it changes as fermentation progresses (the proportion of simple sugars and longer chain sugars changes). But I've not noticed final gravities being more than 1 or 2 SG points out.
If you think the numbers are small and insignificant, think again: SG is a measurement with at least
three decimal places! Some refractometers have "SG" scales; I hope this summary informs you just how useless those scales are.
Hydrometers? Well they're just fragile and break, cheap one's can have misaligned scales, they require huge samples to work in, and the scales can be difficult to read (I'm bias as the latter is a particular problem ... which glasses
cannot fix before anyone pipes up).
The solution I use needs a calculator too, but an ordinary handheld one will do. There is no conversion to make it read as a hydrometer does, but then a hydrometer is only a tool for
emulating the readings that this device delivers. It uses small samples (25ml, perhaps 10ml if your weighing scales are particularly good).
It is a
pyknometer. The reason they are not much used for brewing (the instrument is very cheap) is it requires good weighing scales but they have become cheaper recently, and those cheapo Chinese postage stamp ones that claim to weigh to 2 decimal places are
not good! I've got some adequate scales for £30, but you can go mad and spend £130 on some!
I summarised pyknometers >
here< (and the post following the linked one).