It isn't a calculator or wheel. It is just a little card, and is specific to one film and one pinhole.
I take a reading for f/22 - my meter gives me a time.
I read that time on the table, it gives me another time to actually use.
Here is the card, as supplied by the pinhole "manufacturer (it is for FP4):
View attachment 188146
I think these numbers are actually off for a few reasons, the primary one being that a light meter displaying "f/22" actually uses an internal value of f/22.63. The same issue arises for all EVEN numbered f/stops. Those use an oddly rounded value, for historical reasons. For calculating exposure compensation, the precise value should be used. You would take the precise f/stop of your pinhole at the desired focal length, divide by the precise value indicated by the meter, and square the result. The correction factor is then multiplied by the indicated exposure time to arrive at the correct pinhole exposure.
A further issue is that the times indicated on a light meter are not the times used internally, in some cases. Times on a light meter internally follow powers of 2: 1, 2, 4, 8, 16, 32, 64, etc. A light meter will display 15 but use 16 internally, 30 but use 32 internally, and 60 but use 64 internally. The correct internal time numbers should be used or the exposure will be off.
All that considered, your table would look like this: The correction factor is the square of (207 / 22.63) = 83.67. Multiply 83.67 by the indicated times to get the correct corrected time, fixing the cases where the meter is using a different time internally: 1/1000 (really 1/1024), 1/500 (really 1/512), 1/250 (really 1/256), 1/125 (really 1/128), 1/60 (really 1/64), 1/30 (really 1/32), 1/15 (really 1/16), and similarly for 15, 30, 60, and 120 seconds. The nominal numbers are OK for direct use from the meter, but when multiplied by a large factor for extrapolating pinhole exposures, the inaccuracies multiply as well.
Regards,
Don