No, it's not. A password strength meter just shows you the randomness of an input password, it doesn't have anything to do with passwords already in the system.
In the full picture though, in terms of UI/UX, the meter seems like only a downside. In the dartboard use case it's great because it displays what's still needed in terms users work and think with signalling e.g. "you still need a number, otherwise you're all set". People don't really think in bits of entropy though so ll that really is being signaled by either a meter or a normal failed validation hint is "more complexity and/or length needed".
There may be good cases for using a meter while simultaneously implementing good password requirement policy I'm not thinking of though.
This works like I described, it don't show 'dartboard requirements', only entropy. I think you've misunderstood what a password strength checker is. It's definitionally not a checklist like 'You need an uppercase letter, a lowercase letter, a number, a special character'. It's a tool which measures the strength i.e. the randomness or entropy of the password.
Also, in my opinion things like you suggest you shouldn't do. A password strength metre is only going to give attackers hints at the passwords you have in your system. And I have not see a caps lock on warning in forever. The only password validation we do is the length which is pretty easy to validate on client and server.