Right now I don't know whether I'm interested in purchasing a separate rain gauge ($30) and manually reading it every day at 7am.
Amen! I report in by 9:00 am on most mornings, but it is a hassle to melt snow and measure the water. I do it because their method of calculating water equivalency is accurate. Also, the regional coordinator in Utah is a professor at Utah State and they sold me the rain gauge for $20.
I'm also wondering what use this data actually is.
A partial list of who uses the CoCoRaHS data: The National Weather Service, other meteorologists, hydrologists, emergency managers, city utilities (water supply, water conservation, storm water), insurance adjusters, USDA, engineers, mosquito control, ranchers and farmers, outdoor & recreation interests, teachers, students, and neighbors in the community are just some examples of those who visit the web site and use the data.
What's your thoughts about developing a method of estimating the water content of snow and manually using the rainfall editor to reflect that amount of precipitation?
Absolutely you should do it! Find a cheaper gauge or some other method of capturing the snowfall, melt it and enter the precipitation amount in the rain editor. If you just wait for what's in the cup to melt, you will lose a lot to evaporation and what you have left over is usually recorded on the wrong date.