oh, oops, I type-o'd above. I meant my 1/2" drive torque is the one I end up sometimes moving up in increments to make sure I am finding the clicks...that way I guess I get my arm & the wrench somewhat calibrated & I know to trust the feel of it if I don't get a click when I am ready for it.
That said, smaller ones are handy. Starting building bicycles about 10 years ago, I ended up getting an array of different tools & the 1/4" inch-lb wrench is one of them. Every little part has a torque spec on a higher end bike and generally (I guess it's the same with anything) it's based on the size of the bolt. One nice thing a lot of bicycle parts do is have the torque spec printed on the part.