At the risk of seeming confrontational, which is not my intent, and pendantic, whcih happens at times... like you, I've been using meters for a long, long time and found "professional grade" meters, especially, back in the good old days to yield exceptional exposure advise. Back then I shot an awful lot of transparency film so didn't have the latitude of color neg or b&w film to rely on. The Weston meters I used back then wre great but cannot perform the same task today. The Luna Pro I used back then still performs splendidly with a voltage converter, including at low light levels as it was originally touted as excelling.
It seems that a lot of people judge the original engineering by the condition these meters are in after half-a-century (or more) of aging and use/abuse. Or, they simply don't know how to use their meter. (Can't count the number of times someone complained about a bad meter only to find out that they didn't know the impact something like sky has when using a general coverage meter.) Plus there were some different design philosophies, both between manufacters and within, like what K or C factor were used in the calculator, that can yield different results irespective of potential accurancy issues.
I agree, these vintage meters today can be a crap shoot but it may not be that the original engineering was faulty or the orginal capabilities were inconsistent. They became that way over time. But there are many more factors to consider than just when it was designed and judging a design by old equipment is, as you phrased it... a fools errand. Bottom line, thouh, we completely agree taht one needs to understand the instrument to get consisent, wheter that is accurate or precise, results.