You actually don't _need_ to weigh the chain. If you know what model of chain it is, there's a table on the polar site that has the default values for the weight and length of chain. You enter the length and weight of the chain so that the Polar can calculate the weight per unit length (the "chain density", if you will)....So, even if your chain is shortened, putting in the default values for your model of chain will give you the correct answers.
The only "calibration" that truly needs a measurement is the bike's chainstay length. That doesn't sound like a real tough assignment.
The "calibration" as you call it isn't really any more difficult than "calibrating" a speedometer.
I've had my Polar power unit installed on my bike for approximately 3 months now and I have to say that the installation wasn't difficult (thanks to the many web pages detailing the correct way to do it) and the unit has performed flawlessly since then. I've used it almost every day in training and I've raced road races, crits and TTs with it without a hitch. The breadth of data you get out of the Polar is truly amazing. Not only do you get power, HR, speed, and cadence, but you get temperature and altitude as well. Makes it very easy to review training rides or races after the fact when you can see the power output overlayed on the course profile.
Also, the Polar software is excellent. I actually debated with myself long and hard before buying CyclingPeaks software...that's how good the Polar SW is. I finally decided to spring for the CyclingPeaks because it had a couple of features that I really wanted to use in my training (normalized power, IF, TSS, etc.) and the Polar didn't have these features.
The only place the Polar has any difficulties is when used on a trainer...the power readings can be quite variable. This is most likely due to vibration/resonance issues (the Polar sensor is actually an inductive vibration sensor...much like a bass guitar pickup). BUT...I live in SoCal so the only time I use a trainer is when I'm warming up at a race...and I mostly use HR for that anyway. So...not an issue for me.
The Polar's biggest advantages are the ability to use whatever other equipment you like on the bike. You can use whatever wheels, cranks, bottom brackets, etc. that you wish...it doesn't matter. Additionally, it's one of the lightest (if not THE lightest) options as well....only adds ~1/2 lb.
Finally, if you're willing to "scrounge" a bit, the Polar is by far the cheapest way to get power on your bike. Brand new S710s and S720s can be had on ebay for ~$200 to $225. Brand new power modules can be had for around the same price. Even better, used power modules can be had for much cheaper...especially from people who became frustrated with the few idiosynchrasies (like it's trainer performance)....I was lucky enough to find a pair of used power modules for under $100. My total outlay for my setup (including the CyclingPeaks software) was under $300!
Anyway...that's my 3 month "mini-review" of the Polar system.
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