The first reading of your zone III value will place that zone III on a zone V so you have to close down two stops from that first reading to place it on zone III.
Pressing the A after taking your first reading and then taking another reading gives you a second reading where ever it is and yes, the bar shows the high and low readings. But when taking the second reading, if you hold the trigger down whilst looking through the finder and scanning the subject, you can see the brightness difference from your first reading being displayed in stops as you scan the subject. So if on your second reading you point at a zone VIII and hold trigger down and you see 7.0 in the viewfinder, then you know that would put your required zone VIII on zone X, ( 3 + 7 = 10) so you immediately know you want N-2 dev.
Because you set the time on the meter and the reading gives you zone V fstop for that time, to convert to time for required fstop, you press up or down arrows to show required fstop and adjust time for required zone. At least thats how I do it.
So to recap, the first reading gives a zone V exposure for what ever you point it at and you adjust from that by however many stops required to place on required zone. So if you meter a zone IV then you close down 1 stop from the reading or if you meter a zone VI then you open up one stop from the reading.
The A button is useful for giving you your subject brightness difference from the first reading and gives you your N or N+ or N- dev by telling you how much under or over from where you expect your second reading to be.
The up and down arrows allow you to see the time required without working it out yourself. After first or second reading, you just use arrows to set your required fstop and that shows you the time to place the FIRST reading on a zone V. If you metered a zone III then you would reduce exposure time by 2 stops from the displayed time.
I hope that makes sense. The important thing is that the first reading gives the required exposure before adjusting to place it on the required zone.