There are a few things you need to know:
Heaters should never be set based on the numbers on the heater. I have many of them set to 72F that really shut off at 79F - 81F. When setting a heater, what I do is do it when the tank is the correct temperature at that moment. Then I dial the heater up until the light clicks on, then dial it back down until the light goes out. You have to kind of work it back and forth until you feel you hit the sweet spot.
The best way to avoid cooking a tank is to get two heaters that each provide 50% of the necessary heat. The recommendation is 3w per gallon, so if you have a 100g tank, you need two 150w heaters. If one stays on, it doesn't have the juice to cook your reef.
I like the Big Temp Alert and the smaller version. I also have some glass ones for verification/comparison. And I recently purchased the Pinpoint Wireless thermometer, which is nice. You can have up to four tanks (4 sensors) talking to the main base and keep track of each system.