I have never used it, even in SH3. Found long ago that collecting data with external tools and printed tables (For distance) is way faster and more accurate.
IMO we should use the slot in the menu.ini to eliminate the notepad and replace it with something more useful, like a wiz-wheel or such. The big pity is that now that we have a proper double-image stadimeter it becomes unusable
How I wish they had left the same system as with the US interface, where you can input directly your heigth estimate and hence take as reference point mast, funnel, bridge or whatever you prefer. Browsing the recognition manual for a match before you can make a measurement is PITA