I've got a pro-troll black box. I am still unconvinced if it does much. I know lots of fishermen I'd put in the slayer category that have never used one and they do just fine.
I also know some pretty good fishermen who swear by them. But they are realistic about it enough to admit that it's not the end-all-be-all, just one more factor in your advantage. So, equating fishing to gambling, you do everything you can to move the odds in your favour: area, trolling speed, depth, flasher type and colour, leader length, type of lure/bait, quality of bait, quality of roll, etc. Readings on the black box are one more variable, and they called it a 10% advantage, so if you're out there 10 hours, maybe it gets you one extra bite. (of course, in the dry times, that one bite might be the 20 pounder that saves the day...)
This assumes your boat has decent natural voltage. If it's hot, I definitely think that's a problem. Black box won't fix a hot boat, you need to start with decent natural voltage.
One other thing: I discovered my protroll readings are off by 0.070 (a .600 reading is actually .530). Even if you use a blackbox, you should check your cables once in a while manually to ensure the readings are correct.
For me, I'm selling my current boat with the blackbox as part of the package. I'm going with braided cable instead of the stainless steel, and I'm pretty sure this negates any benefit of the blackbox. If I don't catch anything, maybe I'll reinvest...