it is real hard to beat pressure sensors for long term reliability, accuracy, and ease of installation. our depth sensors just hang in the fluid. there may be simpler ways (stick) but the stick looses its cheapness, when the stick reader is attached. there is also the possible risk to the stick reader faiiling in, and if he needs to read said stick multiple times a day, climbs an top of a tank, has to monitor deadly chemicals, or gets paid $30 an hour, then the pressure sensor gets more cost effective pretty quickly. real time stick reading over short distance is pretty cheap (shouting reading) compared to cabling, but they are only good for ear-shout distance (unless shout-repeaters are used). float assemblies and any other products that have moving parts need to be cleaned and maintained, where the presssure sensor just sits there and reads. in deep or irregular tanks the design and installation is simpler than a float system. the variable capacitance idea will have problems where the fluid is not consistantly homogenous, or is dirty or corrosive. the pressure sensor is much more forgiving.
with the good old 4-20ma sensors, ease and accuracy of calibration is pretty hard to beat, too
many people are replacing various other systems with depth sensors because their economy proves themself in the long run
I am a little biased because we make them
but I can also see the merits of the stick and sight tube
dr