It is quite some time since Ive used 1/10 of a stop metering, but your meter is as far as I can remember and tell, giving you the readout in 1/10 of a stop increments.
For all intents and purposes with your cameras (that Ive seen) you would use 5.6 ½ at ¼ of a second exposure and be out by 1/10 of a stop.
It does give you a reading that will allow you to guestimate which way to fudge your exposures, great idea.
Many years ago doing product photography with lenses calibrated to 1/10 of a stop aperture readings, we shot and developed tranny film to an accuracy of 1/3 of a stop, with a highlight to shadow reading of 3 stops. This allowed the transparencies to be used for magazine reproduction straight from the camera to the colour separation stage without further fiddling.
Not only was this quicker, cheaper and more satisfying, the clients liked the results, we picked up industry awards and felt good to boot.
These quite accurate light meters were a revelation in the production of exact repeatable transparency film developing in a studio. They were also a revelation with the Sinar view camera with through the lens metering from the ground glass, allowing one to accurately allow for bellows extension and at the same time allow the photographer to decide whether to under expose another tenth or so of a stop, then get the film pushed a 1/3 of a stop or more in processing to bump the highlights so that when colour separation time came, you had a sparkle in the reproduction on the printed page.
This was pretty much the driving factor as far as I can tell, as to why light meter manufacturers supplied meters with the ability to give readings down to 1/10 of a stop. If a light meter didnt give us a 1/10 of a stop reading, it never made it past the studio door!
Mick.