The best tool, depends on what you want to look for. If it is merely sugar concentration, a reflectormeter is fine. If you want to look for pesticides, there are a range of protocols. If you want to look for phytochemical, I think you need to develop a lot yourself.
Nectar is a sugar-rich component with varying proportions of sucrose, glucose, and fructose. In addition, it also has carbohydrates, amino acids, several volatile, and a diverse group of phytochemicals. You can study the composition of nectar through the HPLC technique. The diversity of flower visitors depended on several factors and nectar concentration and composition also played an important role as attractants. Mainly Hymenopteran members preferred high sugar-rich nectar-based flowers for their foraging but a number of phytochemicals present in the nectar also act as an attractant. The attached paper might be helpful.