Incident metering doesn't require compensation.
But:
1. It's not the same using the dome out or recessed.
2. it's not the same placing the incident meter 100% vertical or slightly aiming up.
Those two give differences of 1/3, 2/3, or a stop, and should be well understood and tested on paper by the photographer, depending on the type and placement of the light source(s).
3. Sometimes I do compensate, though. But not because the scene was going to be imprecise on paper: it was going to be precise... It was going to reflect reality as it is.
This is my most usual case: I am using a film I know well. It works perfectly from black to white at an EI and with a development time. In the middle of a non portraiture roll I need a portrait, and my subject is not caucasian white but a little darker (the common case here in South America), so skins are closer to Z5 instead of Z6: if I know the skin in this portrait would look better at Z6 instead of Z5 1/3, I prefer to open two thirds no matter if the rest of the scene goes up a bit... In some cases, as I seldom do sunny scenes, I prefer to give 2/3 more development instead of more exposure, because that doesn't affect -in the end- my soft light scenes. That, to be able to work fast in the street with a fix f-stop I don't want to open and lose DOF.
Lately that's what I've been doing: I callibrate EI and development time, and then I meter (or estimate) at that EI my soft light scenes using my preferred fix f-stop, but developing 2/3 of a stop more than my time, but knowing I should underexpose 2/3 any direct sunlight scene to take care of highlights. In other words, raising only my soft light scenes a bit, because of the common tone of skin around here. It looks more natural and clean than having most skins close to Z5.
If there are no skins, I expose and develop normally.
I explained it to my girlfriend (she studied photography many years ago so she understands zones and placement) and she said: "
OK, so, in the end, you're being racist."
