If you want to build radio circuits, then the LC meter will come in very handy. But, I should warn you about using orphan toroids from "a random electronic piece of junk." Unless the toroid came from a tuned circuit in a piece of radio equipment, then there is virtually zero chance of it being suitable for radio use. Most toroids that are removed from junked consumer electronics will be so lossy at radio frequencies that they will be utterly useless. You are better off winding an air core coil, or else buying a proper toroid made from type 61 ferrite material.