Really, really, really disagree with this statement - there are so many interesting "dress" chronographs, past and present. Not to mention the perpetual calendar chronographs which are almost exclusively "dress" watches.
Sure, I get the tool reference, but to extend the analogy - there are sharpened rocks... and then there are samurai swords. Both fulfill the same function, one just looks a hell of a lot nicer while doing so.
Edited by apropos - 7/7/13 at 2:00am