What equipment is allowed for distance measurement during play?

In the context of golf, the rules regarding distance measuring devices are quite specific. The allowable equipment for distance measurement during play is indeed limited to distance measuring devices only. This includes devices that use technologies such as lasers or GPS that provide the user with specific distances to various points on the course, including hazards and greens.

The other options focus on equipment that may not be compliant with the regulations set by the governing bodies of golf. For instance, elevation change equipment is primarily used to measure changes in elevation, which can give players an advantage that is not permitted under the rules. Similarly, video watching devices would not be accepted as they serve a different purpose and could potentially provide an unfair advantage by allowing the observation of a player's or opponent's game tactics. Finally, the option regarding any electronic devices is too broad and does not adhere to the specific regulations which restrict the use of devices to those that measure distance only. Thus, adhering strictly to the guidelines, the correct choice is distance equipment only.