I can imagine one using comparators and opamps; even one using transistors only, but that's a lot of wiring, or a large PCB. It'd be a lot easier to use an MCU.
Well, I guess you could actually use a pair of analog multiplexer chip with enough inputs to cover all the batteries (one chip for the +s and one chip for the -s, unless you can get one with pairs of inputs simultaneously activated), along with something that counts up and increments thru the inputs. Then use a comparator on the output of those chips to look for a specific threshold voltage, triggering a light whenever it comes on. But it won't do it except at the preset threshold.
To check all the voltages and compare them to find out which is lowest, you'd have to sample every voltage and compare them one at a time or simultaneously, and that would get complex again, to the point an MCU would be the best way to do it, unless you just really like analog components.
Using only a few transistors (one or two per cell), you could setup something to display all the voltages as single LED outputs, and simply go by brightness--the dimmest LED is the lowest cell. If you prefer looking for the brightest light, add another transistor to invert the signal and then the brightest LED is the lowest cell.
As for the other problem, you could try putting a ferrite core around the meter leads. If you have any old computer power supplies, there's probably at least one large inductor in it you can take the wires off of to leave you a 1" or greater diameter ferrite core. Just pass your meter lead thru that and wrap it around and thru a few times, near the meter end, and it'll help. Alternately, if you have any old monitor cables around from PC monitors, they probably have a ferrite shell that's molded onto them. you can split the plastic around that and dig out the ferrite halves, then zip-tie them or tape them around the meter leads as a pair. Again, it'll help.
Also in those PC power supplies are some blue (occasionally mustard yellow) capacitor-looking discs, usually right at the input from the wall cord. You can take them out of there and solder across the meter input leads. That'll help "short out" really high voltage spikes.
Without knowing how high the surge goes or how long it lasts, I don't know how well any of the solutions will work. Just have to experiment.
@Icewrench--that first pic has one of the most thoroughly blown caps I've seen in a while.
