Economical? Telescoping gauges and good micrometers, plus the necessary practice.
The Chinese copy of the Mitutoyo Series 511 two-point dial bore gauges that I bought is garbage. Waste of money--it doesn't work reliably or repeatably. I get much more consistent measurements with the telescoping gauges.
If I wanted a three-point bore gauge with a digital display, I'd save up for the Mitutoyo Series 511 Absolute Digimatic bore gauge set, which uses extension anvils to cover a wide range. Spendy, but covers the range from 1.8-4" in the size most useful for guys hot-rodding smaller engines (and in a larger range for those with big-block motors). They still have to be calibrated against a master bore, which does not come with it. And they are subject to cosine error if not rocked in the bore to find the minimum reading.
The more expensive Mitutoyo bore gauge is the series 568, which isn't subject to cosine error (the anvils are pins rather than spheres, and align more easily with the walls of the bore being measured). But these only cover a narrow range and are about as expensive as the Series 511 wide-range set. These only need to be calibrated once, near as I can tell. Bring your checkbook. I've never seen a knockoff of these.
I've looked at these before, but the price has always encouraged me to practice my telescoping gauge skills.
Rick "noting the dial indicator units are cheaper, but also have to be calibrated" Denney