g'day all
Steve, isn't that a little simplistic and wrong?
Surely exposure and development determine film speed (sensitivity).
What the statement means is the lower values, Zone 1 for instance is set by the amount of light which strikes the film, no amount or variation of chemistry is going to significantly raised the density of Zone 1. Therefore, film speed is determined by exposure. Highlight density can be altered any number of ways through time, temperature, agitation technique, chemistry and still other variables which would only serve to confuse the issue.
My initial response was aimed at the 30% time difference and the fact that it would have no impact on the speed of the film.
A good friend of mine, Kodak Rep for 25 years, he once told me that ALL film is developed in 2 minutes, the rest of the time is just to build contrast.
He basically meant that the low values on the negative were developed at the very beginning of the development cycle and would not increase in density due to time in chemistry.
We are both talking about the same principles I believe.
Cheers.