As the maintainer of coverage.py, it's always been intriguing that web applications have so much code in template files. Coverage.py measures Python execution, so the logic in the template files goes un-measured.
Recently I started experimenting with measuring templates as well as pure Python code. Mako templates compile to Python files, which are then executed. Coverage.py can see the execution in the compiled Python files, so once we have a way to back-map the lines from the Mako output back to the Mako template, we have the start of a usable Mako coverage measurement.
This Mako experiment is on the tip of the coverage.py repo, and requires some code on the tip of Mako. The code isn't right yet, but it shows the idea. Eventually, this should be a plugin to coverage.py provided by Mako, but for now, we're just trying to prove out the concept.
If you want to try the Mako coverage (please do!), configure Mako to put your compiled .py files someplace convenient (like a mako/ directory in your project), then set this environment variable:
$ export COVERAGE_MAKO_PATH=/mako/
Jinja also compiles templates to Python files, but Django does not. Django is very popular, so I would like to support those templates also. Dmitry Trofimov wrote dtcov to measure Django template coverage. He does a tricky thing: in the trace function, determine if you are inside the Django template engine, and if so, walk the stack and look at the locals to grab line numbers.
As written dtcov looks too compute-intensive to run on full-sized projects, but I think the idea could work. I'm planning to experiment with it this week.