What a great topic.
Thanks for starting this up!
When we consider how entirely sensitive our low powered batteries are to the demands of even the slightest gradients, well, how neat it would be to know that the road is at a half percent grade, or whatever.
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Here's a page (link below) just found
for a DIY bike clinometer.
Some of those electronic indicators look interesting.
I wonder, though, that for the electronic types, lack of damping might make them useless while in motion.
Too, rider weight, variable tire pressure, soft bike suspensions might conspire to destroy the practical accuracy of any such meter.
Well, it's not hard to stop and dismount to take an accurate, repeatable reading.
I guess I'm saying that it seems unlikely we can get accurate small-gradient measurements while in motion or while sitting on the bike.
Home brew
http://www.elecdesign.com/Articles/Index.cfm?AD=1&ArticleID=8355