I have the Nitecore Digicharger D4. It's not the best charger in the world. It's not even the one I wanted when I was a walk-in customer at Illumn in San Jose. It was, however, the best that Illumn had in stock that day.
I check the voltage readout on the D4 every time I charge a battery, both at the start and finish of charging. Here is an example of how the voltage readout saved me from potential trouble recently.
When a new protected 16340 battery (made by a respected manufacturer) arrived in the mail, I opened the package, and dropped it in the charger. Much to my surprise the voltage readout said 1.6 volts. I removed the battery, and reinserted it, this time making sure the physical contact was tight. This was necessary because the 16340 is a short battery. Sometimes the springs in the charger don't hold it tightly enough to make a good connection. On the second try, the voltage fluctuated a bit, and then settled at around 2.7 volts. Hmm...
What would you have done at this point?
If you are one who ignores the voltage readout, you might have simply charged the battery. Most of the time, that would not have gotten you into trouble. I am aware, however, that Li-ion batteries are shipped from the factory with about a 40% charge on them. That translates into a voltage around 3.6 volts. When a battery arrives with only 2.7 volts, something has gone wrong. Perhaps the battery lost its charge while sitting in inventory, and may have been stored in a fully discharged state for an extended period. 2.7 volts is not exactly an over-discharge, but it is not good for a Li-ion battery to sit around for a long time at that level. That's when those pesky dendrites can form inside a battery. The battery may also have been defective in the first place, unable to hold a charge.
So here is what I did.
First, I cleaned both ends of the battery using cotton swabs dipped in isopropyl alcohol. Then I did the same thing to the contacts in all four slots of my charger. Next, I tried the battery in several different slots of the charger. They were all reading 2.7 volts. Darn! I had done my best to give this battery a chance to show me 3.6 volts. As a final double check of the charger, I put in a couple of batteries that I knew were good. The voltage reported by the charger for them was in the range I expected.
Okay, I was done. I set the new battery aside, and later made arrangements with the seller to get a free replacement.
As I said above, there was every likelihood that charging the battery would have been safe. In a small number of cases, however, charging the battery could have been dangerous. The risk/reward ratio on a battery that only cost me $4 USD was not in my favor. If I had not checked the voltage, I would never have known that my new battery was completely dead.
I don't know about you, but I plan to keep checking the voltage every time I charge a battery.