with wheel torque it's more important to follow proper torquing and untorquing sequences as well.
People get confused on 5 lug setups, but the easiest way I explain it is always skip 1 in the circle (1 3 5 2 4 1....)
If your HF torque wrench a 'clicker' or beam? If beam it's really hard to go wrong with those.
The biggest problem I have had with clickers (and I do use them, Sears MicroTorq's are my bang for buck favorite and their DigiTorq's) is you never know if internally they failed and you are heading for an overtorque and subsequent fastener failure.
I have a feel for torque ranges now with experience. I always recommend starting low on the torque and make sure the wrench breaks at each setting. I have had both a Sears and some other brand fail. I have heard of a Mac one also not breaking properly...so YMMV no matter what you spend.