I see as many Type one wrenches as I see Type 2. Dial wrenches are Gedore's (Formally MHH Engineering/Torqueleader) second best selling tool after their setting drivers.
this cant be done with an indicating tool.
A torqued bolt can easily be tested with an indicating tool, in exactly the same way you would with a preset wrench. Yes, you don't have the click when you reach the required torque but both will tell you it's tight, neither will tell you if it's too tight.