I seen that video posted on DIYAudio the other day and built one just like it. It doesn't do anything you cant do manually with a scope, except for one scenario. Sometimes you will find a capacitor where the scope trace signal difference is very small between ends, to the point you cant tell the difference by the time you disconnect the leads and flip the capacitor around. With this tool it switches ends every few seconds which makes it much easier to detect the difference.
Its actually so easy to use i went through my entire cap stash and marked every single one of them in no time. The end of the capacitors with the outer foil was completely random for just about every cap, orange drops, red drops, misc polyfilm, known audio brands, and Russian surplus caps. The only exception where caps that had the outer foil marked, vintage caps, and Auricaps, all of which were marked correctly as you would expect.
Parts cost is ~$3-4, enclosure was $6 i think from Mouser, its handy, and it works.