Indeed very useful piece of equipment. I use it a lot to inspect the innards of machines.
Did it came with the white coat? If so, could make you some money on the side as a doctor
My experience is though, that due to the brightness of the leds, the least bit of oily film shows up like it's bathing in oil.
In my opinion (for what it's worth) the exhaust fumes, whether it's on opening or closing the throttle, and also checking the oil level regularly give a better idea of oil consumption.
Haven't had a look on my A10's compression yet, but the figures don't seem to bad. I did a compression test on a 6 cylinder Austin Healey engine lately, and it showed (engine slightly worn) 90-95 psi