Any meter has to assume that the battery is in good condition, i.e. whatever the state of charge, it is a good one - if discharged it will take and hold a charge, if charged it can deliver. The meter can indicate the state of charge at the time, which is not quite the same as condition, which is the ability of the battery to do its job. A simple volt meter can tell you the voltage, which is one indicator. A recording amp meter can tell you how much current has gone into the sealed box. It can't tell you whether it is staying there or not.
A bucket lacking holes and having a good handle will be in good condition whether full or empty. I'm fairly sure, but probably about to be re-educated, that the meter that tells you a battery is leaking has yet to be put on the market.
OTOH, if a "smart" charger tells you that it can't bring the voltage up to where it should be, that is a firm indication that the battery is a dud. It might respond to a bit of brutal "dumb" charging, but for ever after should be regarded as "suspicious".