Oscilloscope
is a type of electronic test instrument that allows observation of constantly varying signal voltages, usually as a two-dimensional plot of one or more signals as a function of time.
If you use the same probe to look at a reference signal and then switch the probe to look at a second signal, the differences you see will be the signal differences.
The Oscilloscope does not even have to be in calibration for this.
A smart user of the scope would use the UN-cal Volts/div knob & the UN-cal sweep time knob to set the reference signal to be an easy to look at and check on the display.
Having more than one channel and or scope that you can use, just reduces the number of setting changes needed.
Some adjustments can effect more than one signal. Having more inputs saves time if you have to adjust a signal that also effects a previous signal in some way.
A system that uses many matching signal channels each with many test points per channel that have to be correct.
A simple case is a 14 channel reel to reel tape recorder. A nice one where you have separate record and playback heads. After you have one recorder working, you then need to get the ability to swap tapes between recorders.
With just 8 recorders that is 112 signals to match up per test point.
The tape heads do wear which causes signal changes. So for a final result you want record input= tape = playback output.
For those of you who have worked with something like this, add two little things.
Reduce the designed recording speed by 1/2 and switch to very thin tape with out losing needed BW.
14" glass reels with I think it was 6000 feet of tape.
The recorders I am thinking of were $200,000 in the early 1970's before the changes needed for 1/2 speed and thin tape. One of a pair was always running 24x360, with the 360 often increased.