I would question whether it is really 'out'. If I use a range of cameras with different spotmeters (F4, F100, OM-4, D700) and compare these with my analog Pentax spotmeter all using an 18% gray card and an incident meter (Gossen digisix) in the same light, I'll get some 2 stops difference between them all, yet they all give good results using slide film. This difference will not be consistent as you go from low light to bright light. In bright light the F4 might give the highest reading, while in dim light the F100 might. From the experience that I've had, there really is no 'correct' value. The most useful tests that I've done have been with the spotmeter and a real subject using slide film. I included an 18% grey card (if such a thing really exists, they all have some sheen), metered with the spotmeter and then taken a series of shots with the camera on a tripod at metered (spotmeter that is) values, then -1/2 -1 +1/2 and +1 exposure values, then sent them off to my usual lab. I did this in bright light and dim light. I found that the exposure I liked was about +1/2 over what my spotmeter was telling me, so that's what I tend to use. I have no idea if this exposure was correct or not, but it was the one I liked best.