Shooting it at 160 will be fine. 200 as well.
1/3 of a stop won't make it or break it.
I'm thinking of setting it to +1 stop... would that be the perfect point? The photos will only be taken on a very sunny day...
Very few people have ever shot Lucky 200C, so you won't get much feedbacks. On the other hand, why don't you do the experiment and share your results with the community here? Shoot a few different scenes (well lit sunny, under cloud, in shadow) at different ISO (200, 160, 125, 100). Preferably with a color checker in the scene. Then scan with same manual settings and let us know your findings.
Most color negative film shot using an in-camera meter will be better with +1 stop, yes. Because these meters tend to underexpose if there is sky or bright objects in the scene, and overexposure on consumer color negative does very little to degrade the image generally. For something like Kodak Gold for example, you can even go +5 stops and still get decent pictures.
In other words, you'll get more keepers at +1 (or even +2) stops than at box speed.
If you find yourself somewhere quite dark where you need to handhold, you can change it back to 200 speed mid-roll. Or, if your subject is black or dark gray in color.
So it's better to leave it at +1 stop than +1/2stop?
If this wasn't Lucky film, my advice would be to follow the manufacturer's box speed recommendation, because cameras like yours were designed to use that and to give users like you pleasing results in the sort of situations you are likely to use it.
If you consistently see signs of under-exposure - or for that matter over-exposure - you could consider making a consistent adjustment.
That exposure adjustment approach makes good sense if you use it intentionally, in response to particular lighting conditions, and/or particular subjects
For example, if you were photographing a snow scene, or something in the forest, you can make a decision about exposure adjustment because of the unusual nature of the light or the subject.
As it is Lucky film, there may not be much knowledge out there yet about how well the box speed performance matches the performance of more commonly used films. There also may be changes to the film, as it is relatively new on the market.
So for that reason, I would be reluctant to build my "standard practice" on that film. If I was using it for something important, I would bracket exposures.
I'm a bit hesitant to trust my camera's light meter and not get satisfactory colors.
If you have only a single of roll of any color film then shooting +1/2 or so stop is not a bad idea. If you are planning on shooting multiple rolls then sacrifice a roll and test by shooting a ring around. In soft even shade shoot a test set up, if you have color chart have a model hold it and shoot at ISO 50, 100, 160, 200, 250 and 400, then repeat in the open, maybe at sunset at well. Standard development and printing. If you are using a mini lab make the lab prints at 000 with no auto correction.
My question isn't about the ISO itself, but about the exposure. In the photos you took, did you overexpose them?
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