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I drive a tractor. It has a digital LCD speedo that give MPH or KPH to 1 decimal place (could do with 2 decimal places). Under the dash programming section in the hand book, there are calibration numbers for 14 of the most popular tyre sizes
My kit car also has a digital LCD speedo, that has 100's of settings for wheel to axle rotation.
Which was all calibrated to the given spec, the speedo also tells me to the same degree of decimal places, the speed i am at.
However, during VOSA calibration check, i only just scraped in on the second attempt.
Digital speedo's are no more accurate than conventional geared speedo's.
They just give you a better impression, that they are.