If I remember correctly, what you are describing is close to the concept of a distribution function (it is the name that I am slightly unsure about).
Given a measure space $(X,\mathcal{E},\mu)$, and a measurable function $f:X\to \mathbb{R}$, a concept often used in classical and harmonic analysis is the notion of the distribution function $\lambda_f:\mathbb{R}_+\to\mathbb{R}$ defined as
$$ \lambda_f(a) = \mu\left( \{|f| < a\} \right) $$
that is, $\lambda_f$ is returns the measure of the set on which $|f|$ is bounded by $a$. One can reformulate the $L^p$ norms of $f$ in terms of the distribution function
$$ \|f\|_{L^p(X,\mu)} = p \int_0^\infty t^{p-1}\lambda_f(t) dt $$
a device that is very useful for analytical estimates. Now, formally speaking the functional $L(f)$ you wrote down is very similar to the derivative $\lambda_f'$.
Another possibility that you may want to look into is the notion of pull-back distributions. If $f:M\to\mathbb{R}$ is a smooth map with non-vanishing gradient, then given any distribution (generalized function) $k$ on $\mathbb{R}$
you can define the pull-back distribution $f_*k$ on $M$. The definition of $f_*k$ depends closely on the notion of $L(f)$ you wrote down (see e.g. the introduction to distributions by Friedlander and Joshi), and is a generalization of the co-area formula.
I am not exactly sure how to answer your second question of "is there a good way to compute". If you are asking whether given an analytic expression for the function $f$ whether you can have a "closed form" expression for $L(f)$, the answer is surely no, since the expression also depends on the chosen Riemannian metric/volume form/measure on $M$. If you are asking whether there are any convenient expressions to capture $L(f)$, I think you need to say a bit more about why you care about $L(f)$. You can certainly just write $L(f) = f_*\delta_a$ as the pull-back of the Dirac delta distribution on $\mathbb{R}$; whether that expression is a useful one for your purpose, I don't know.
This post imported from StackExchange Mathematics at 2014-06-02 20:26 (UCT), posted by SE-user Willie Wong