No doubt about it, Fluke is the best when it comes to meters. They last forever, and are reliable. Watch out though, there are a fair number of fake Fluke meters out there - a friend of mine wound up with one.
But... do you really need one? For working on arcade games, checking power supplies, etc - you don't need huge precision, four thousand features or fancy accessories. A $20 meter is fine. Autoranging is a really nice feature - especially if you've never used a meter before. I'd spring for that. Auto off, temperature, capacitance, transistor tester socket, etc, etc - you'll never use. You can test transistors with any meter in the diode check function, the capacitance meter function is nearly useless for checking electrolytics in monitors, and auto off... well, just shut it off when you're done. Even if you leave it on, the battery in a meter lasts a very long time.
Get a $20-$40 meter, learn how to use it - I wouldn't spend huge money on an expensive Fluke unless you really get to the point where you need such a tool. More often then not, I know people with hundreds of dollars worth of expensive test equipment and tools they don't know how to use, or just plain don't use.
Features I would look for : autoranging, standard banana plug lead sockets, and test leads that stay plugged in without falling out (some of the cheapest of cheap meters have these horrible little test lead sockets that the connectors just fall out of).
-Ian