Conversion test is pretty useful if you're mashing without recirculation. You have to sample the clear wort, and BTW, if it's really good and clear, you won't find any starch in it. Probably the best way to test is by running a little off the bottom of the mash rather than scooping out off the top. I use it mostly to ensure that I'm getting more conversion after a good stir. Since I'm recirculating, I just let it clear up after a stir and get a spoonful coming out of the sparge arm. The iodine you get from the drug store starts out light brown so if it just stays that way, there's no starch. If it turns darker, purple, black you know there's still starch in solution.
I find that since I always do a long mash and do a couple of steps in the temp, conversion is always done, with the exception of a lot of unmalted wheat or a ton of corn or rice. More useful to me is checking the gravity with my refractometer. I can tell how much conversion there is based on the amount of water in the mash and the gravity. It levels out at some point with the main conversion rest at 148 but I always see an increase in gravity after I raise temp to 158. Meaning that the dextrin-producing enzymes becoming more active at the higher temps found some starches that the other enzymes gave up on.