This is a constant source for discussion in the moth fleet.
Most Moth people go for the speed puck, or the prostart.
The speed puck is big so you can see the number easily. the pro start is a bit more fancy, you can peg in the committee boat and the pin buoy, it then tells you how far back you are from the line! It has a count down. but both are mainly used for speed readings.
Me personally, (being poor) i use a Garmin foretrex, very basic but it does the same as a speedpuck, bit is a bit smaller