Thanks for the notes Greg. What you describe is normal operation, my situation was a little more involved. Here's the solution (I hope):
The white tab to which I refer is a small piece of plastic that connects the ASA/ISO/Compensation dial to the electronics underneath (a variable resistor I believe, from reading the service docs). It sits at the front of the camera and moves between approximately 10 o'clock and 2 o'clock. Unsurprisingly, at 12 o'clock, the camera registers zero exposure comp.
Under normal circumstances, one cannot see this tab as it is in a small cut out in the ISO dial. In my case, the it had come out of the cut out (thus the dial was pushed up slightly at the front of the camera because the dial was sitting on the tab). To fix it, I removed the lock nut on the film rewind post to free the ISO dial. Be careful, there is a small brass piece and a screw that wish to leap to freedom when the cover with the ISO speeds is removed. (I hope I got these back in the right place.) At this point I noticed the cut out and was able to slip the tab into the cut out so that the dial sits flat. To reassemble, the ISO speed disc has a cut out that slots on to another tab, and the knurled dial with window sits on top. Reattach the lock nut and you are done.
I suspect this could be done without the disassembly. By lifting the knurled knob and sliding the EV tab to 12 o'clock, it might just slip back into the dial. But I didn't know this until I did some surgery on my camera.
The camera now consistently registers zero compensation when the dial is turned to the appropriate position. The sunny f/16 rule indicates that the meter is using the ISO speed I see in the window.
Now to pass a few rolls of film through it!