Getting both the CC and the CST is a good idea, from the backup point of view if for no other reason.
Whether you'll use both at the same time depends on how you handle your camera. You want the CST at hand. If you keep your camera in your hand, it's fine with the CC mounted on it. If you keep the camera on a tripod or stand, you'll want a CST on the camera and the CC in your pocket or on your belt. I drilled a 1/8 hole through the center of the foot and forced a split ring through it, then hung it from a belt reel (the same heavy-duty reel I used to use for my Sekonic).
I effectively do not use my Sekonic L-358 anymore with the CC; I intend to put the L-358 on eBay one of these days. I will still have a Sekonic L-558 that I'll continue to use for its spotmeter capabilities in natural lighting, but for flash (including mixed flash and ambient) the CC handles the task completely for me.
Comparisons of the CC with all-purpose meters have to be made in terms of how the meter will actually be used. I was dubious at first at that dinky dome, but the fact is that a big dome collector is needed by a meter that might be intended to collect low levels of natural lighting. That's not a problem facing a flash meter. All of what the CC lacks in comparison with an all-purpose meter relates to the simple fact that it is not an all-purpose meter. It's a flash meter.
Yet...it can do quite a lot of things more than your grandfather's flash meter. I was rather surprised to see that it had a range of measurment durations. If it had had only a fixed measurement duration, I would have shrugged, "Oh, well." But the range, although in full stops, gives it ambient-light balancing capability (the full stops "limitation" is another non-issue in actual practice).
As for being too large...actually my only complaint about the wonderful CC is that the display is too small for old codgers like me. For years I had used the old Paul Buff Radio Remote One, which was about the size of your entire hand. It had big buttons you could manipulate wearing mittens and a big display from which you could count the 1/10-stop increments nearly from across the room (although you had to switch the display from light to light--it only showed one at a time).
There are some important benefits to a much smaller form factor, but I have to squint a bit at the itty-bitty display. Perhaps one day in the future when all Paul's other current projects are safely out the door, he'll have some time to consider a firmware modification that will allow changing the size of the display to fit the number of lights being controlled.
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