I wouldn't suggest getting that voltmeter from eBay. It probably won't be too reliable but then again at $1 what can you lose.
IMO though, you should get a proper digital multimeter. There are some you can find at a very low price of ~$15 like this entry-level, low cost multimeter, which I would say is actually pretty feature-packed for that price.
There are differences between a voltage panel and a digital multimeter. For a specific application as LPM a panel is more convenient. A DMM is more versatile.