MS is no more necessary for LC than it is for GC. If you are not separating at the LC, MS isn't going to help. Analytical standards and following published separation procedures will go a long way just like with GC even before considering FID or UV characteristics. Used 1100 series LCMS have been found for $10,000 - the ready to go part and profit is the extra cost. HPLC can be hacked together under $4000 with a bin pump, manual injector, DAD, and analog output. Or a palmpilot for controlling 1100 components. The old GC's really only need a working 3395-ish integrator and cables, they don't grow on trees just like older LC parts.