Oh come on guys, you know me better than that. I am well aware of the difference between an incident light and a reflected light meter reading, and you can do
both with the camera's meter.
It is an absolute doddle to take an incident light reading with the camera's meter. You just take a reading off an 18% grey card. Or off a piece of white paper, or with a diffuser over the lens, or off the palm of your hand - basically anything of known reflectance, then dial in an adjustment. Off the palm of your caucasian palm it will be +1.3 stops.
Also hand held meters do not adjust for the lens' angle of view, most of them do not have a spot reading facility, and they certainly don't have evaluative/matrix mode. Nor do they have an LCD that can be enabled with real life over-exposure warning (blinkies) or show a histogram.
Hand held meters have much more restricted use, and need quite a bit of knowledge to use properly.
Excellent link about histograms Ali
Edit: to get the most from a digital sensor, to maximise tonal range and minimise noise, you need to 'expose to the right'. You can only do that by reading the histogram and it will give you a better exposure than a straight incident light reading in many situations.