With the meter on microfarads, and each lead on a different terminal, the meter will tell you if its good, weak, or bad. For instance, if the capacitor is a 35 uf (microfarad) and when tested, it measures at 30 uf. It is outside of the limits for being good. + or - 10% would give you a range from 38.5 to 31.5 microfarads. Being at 30 uf, its weak, get a new one. The same goes when its at 39 or greater, its above the limits and weak as well. Many times they will read low on an older unit, thus using more energy/power than what it should be when its running. If it reads 0 (zero), then its obviously bad. Replace it. Will they still work slightly above and slightly below the limits, sure. But a low or high reading capacitor will cause a higher amp draw which may result in a compressor burnout over time if its not corrected soner than later.
HTH,
Eggman