Since the TDS meters test for conductivity, it really ought to be called a TDI (Total Dissolved Ions) meter. However, since the majority of TDS are organic salts, it's a relatively accurate measure of real TDS.
TDS meters can be used for an indicator of when it's time to change out your DI resin (beyond the color change) since towards the end of the DI life, the efficiency may drop off if you have a high output unit before the cartridge resin fully turns. Don't rely on a TDS meter for overall health of your RO system, though.