The thing can be used on all V-System Hasselblads, except the 200-series cameras that have a display in the viewfinder (202, 203 205).
The difference in brightness between the old (pre-Acute Matte) and the new (Acute Matte) screens is 1 stop.
So if you are using an Acute Matte screen in your camera, you need to set a 1 stop slower film speed.
Don't assume, by the way, that because your camera is a 503 (or 501, or ...) that there is an Acute Matte screen inside. Screens are interchangeable, and they get swapped round a lot. So what type/vintage a camera is says nothing about what type screen it has. Even 500C and 500EL cameras, without a user interchangeable screen, may have been fitted with Acute Matte screens. And newer models are often sold with an old type screen inside (so that the Acute Matte can be sold separately, for too much money).