I do realize they are more of electrician multimeters, but even so, one might need to test a rectifier in a simple power supply, or lead acid battery charger, or even a simple display panel LED.
I started learning electronics by fixing lcd monitors. In helping others, I find that a bridge rectifier usually fails shorted so a simple resistance measurement is sufficient. Most failed diodes are also shorted so resistance test is sufficient.
You can try to light a LED by putting your Milwaukee in the lowest ohms range (manual mode). Some meters in this range can output > 3V (Fluke 87V is < 7.9VDC for open circuit test voltage). According to the service manual, the 2216-20 open circuit voltage is 0.6VDC.
http://www.manualslib.com/manual/516950/Milwaukee-2216-20.html?page=7#manual
.. even a $3 meter has a diode test... LOL
This is why you need multiple meters (as I keep telling myself).
PS. I looked at pictures everywhere on the Internet and I can't find a "Made in" designation anywhere for this meter?
I have multiple meters, who doesn't?
BTW, I got nothing on the low OHMS and a 1.6V red LED.
It doesn't indicate country of origin anywhere on the Milwaukee, and I don't have the packaging. I can't recall if it was Taiwan or China.
I recently sold my Fluke 88 kit, since it was an automotive specific meter that I really didn't use, not True RMS, and quite pricy.
But I'm always looking to buy a new meter...