I trust the accuracy of my narrow range hydrometers for OG and FG, so as to correctly calculate ABV. I figure that guests like a number they can trust, mostly for gauging how much they might consume before driving home. That is, for each tap I show the beer name, the ABV, and the IBUs.
I batch sparge and use an $80 refractometer to check combined mash and sparge runoff in the kettle pre-boil, to compare it against the calculated pre-boil SG, to see if I am on track / want to make adjustments during the boil.