Arvee
Member
Thanks, Bill and Bill, for adding clarity to this discussion!!Exactly. The exposure meter standard is all about measuring some quantity of light then using the main equation to express this as a combination of shutter speed and lens aperture.
The fine details of the standard(s) include specifics of the light source, tolerances, and that sort of thing.
The actual standard(s) include details of the "exposure meter calibration constant," 'K,' which includes variables Stephen has (somewhat cryptically) mentioned - they include such things as camera lens transmittance, camera flare correction factor, and "effectiveness" of the light source in producing exposure on the film. For example, you would expect different 'K' values if the film has a different spectral sensitivity, or lens/camera combinations have different amounts of flare potential.
A lot of the difficulty with understanding this comes from people trying to make it more complicated than it is, such as the error of saying that an exposure meter is "calibrated for 'x' percent scene reflectance."