Agreed. There are different levels of "Failsafe" available.
At bear minimum a failsafe needs to have the ability to perform atleast one action (activation/deactivation) based on atleast 1 input. Just an LED or Just a gauge is just a visual indicator.
What we wanted to do with Smart Injection was give the customer unlimited customization. 7 inputs, 1 programmable 0-5V output, 1 5V output and 5 on/off channels and 3 visual leds that can all be activated/deactivated based on as many or as little conditions as you can think of. While failsafe must be setup with your computer, it has far better potential than the others on the market as you can customize it.