I think a pitch trim indicator can add value. Here's why:
I had an interesting flight a few weeks ago, destination San Luis Obispo- about 200 miles to the south. The takeoff felt a bit different, and during the climb, I noticed I could not get enough down trim- the plane was not responding to the electric pitch trim commands. For a while, I thought maybe I could still make the trip- I could sort this out once in cruise. But that wasn't the case. The trim motor just wasn't affecting the trim- As speed increased, the forward stick force became considerable. Very considerable!! The autopilot couldn't handle it (I tried.) So I had to pull power back close to idle, and turn back to home base. It was a pretty uncomfortable, albeit brief flight. The upside, is this was a daytime vfr flight. Had it been a takoff into IMC... ugh. My airplane is 180 hp, constant speed. Maybe it's a more manageable problem with smaller engines and fixed pitch props. But still...
It turned out the pitch trim motor was open-circuit. I took it apart, re-worked the brushes, put it back together, and it seems okay. I have a few flights on it after the repair, and it's back to normal operation. Had a trim gauge been in the panel, I would have noticed the trim was not moving- and was stuck in the full up position that I had used for the last landing.
Before takeoff, to set the pitch trim, I used the technique others have described- run the trim fully one direction until it stops, and then the opposite way for X number of seconds. In my case, the full range takes about 14 seconds. So, about 7 seconds from either stop is in the ball park for takeoff. As long as the trim motor is spinning, and everything is connected. Without a trim indicator, to verify the electric trim is functioning requires rotating your neck a bit beyond what is comfortable for this aging aviator. Then you can hold approximately neutral elevator as the trim is actuated, and watch the tab move. (Hopefully, it moves.) I had stopped watching for the tab movement, as my neck couldn't take it! Instead, I relied on trust in the trim switch, motor, and everything related. It had always worked. Until it didn't.
So, I think it makes a lot of sense to install some sort of indicator, and I did just that. For not much money, I found a marine stern drive trim gauge, and a compatible sending unit. Fitting the sending unit in the tail, and connecting it to the trim drive was a bit of a challenge- there is only a small inspection plate for access. But it was doable.
Now I use the same count method for setting the trim before takeoff, and IMPORTANTLY, can confirm the action via the gauge. So, once again, life is good (very good!) with my Thorp!
Peter