It is definitely easier to do this test with 6x6 negatives than with 35mm, especially contrast was easier to evaluate using the newspaper test with 6x6 negs. For 35mm, film base + fog makes the light areas so dark already that the contrast was difficult to evaluate using this method. However it did still help me with 35mm...
Here's a contact sheet from a set of tests I ran on 35mm FP4+ with HC-110 at different dilutions and development times (the published FP4 and HC-110 test times seemed way off, see row 2). The last test (row 5) gave the best "newspaper test" results, at least the way that Gerald described it. It also seemed to give the best contact print with a #2 filter.
It's not the most scientific test... All FP4+ EI 125 in a Canon A-1 with a fresh battery, except row 1.
Contact print exposure time was found for the Row 5 strip of negatives. Printed on Ilford MGIV Pearl paper and scanned with an Epson V550.
Top edge: paper white, for reference
Row 1: HP5 test, ignore plz
Row 2: +0, -5, -4, -3, +1, +2, +3, 1+31, 9:00 @ 20C
Row 3: +0, -5, -4, -3, +2, +3, +4, 1+39, 7:00 @ 20C
Row 4: +0, -5, -4, +2, +3, +4, 1+80, 7:00 @ 20C (Sunny scene at the end)
Row 5: +0, -5, -4, +2, +3, +4, 1+60, 7:00 @ 20C (Overcast scene at the end, metered for brick wall)
Row 3, something seems off with -5, -4, -3 exposures as they are showing more tone than the above row.
When checked in lightroom, paper white reference was at around 95% intensity, and the middle of the Row 5, +4 frame hits about 93% intensity. Anyways, this is all to say that the newspaper test (I actually used the Way Beyond Monochrome pages to test) worked for me to eyeball the approximate right development times and I'll keep using it until I don't need it anymore. Great discussion, thanks everyone!