I don’t think that extreme accuracy makes sense to try to achieve when manufacturing tolerances in setting styli is so poor that the zenith can be off by several degrees. The only way to know about how far off is your cartridge is to have it examined by a service like Wallytool, which also has a way to compensate for small zenith error (a protractor that provides for a way to deliberately set the cantilever at angle away from perfect tangency to compensate for zenith error).
My answer is: If you can locate the pivot point, and you find it difficult to see the precise point of contact such that making a single observation is a big plus, go with the Smartractor. If your eyes are up to it and you have the patience, the Wallytractor offers more confidence in the setting.
Something like the Mint protractor should also be considered; it is quite easy to use and is supposedly very accurate. The only downside is that it is bespoke (made to order for your particular arm and spindle-to-pivot distance) so it cannot be used for other set ups.