At my sample:
Timer
-) the plain scale gives too short exposures, with a non-linear deviation
-) the x10 switch yields a much lesser factor (based on the already erroneous results in plain mode)
Metering:
-) Does not work properly, or at least I cannot make it work the right way...
I assume one first meters the lightest patches on the baseboard still to show detail.
For this the right dial is twisted until the needle is at center again.
Then one reads the exposure time at the right dial.
This value is set at left outer scale (I guess the right dial twisted back to zero).
In this stand one meters for the darkest patches still to show detail by twisting the left inner knob.
Then the necessary paper grade can be read at the inner scale.
This model works with a set paper sensitivity. The successor model already has a sensitivity adjustment (+/- 3 markings , -1stop,+1/2stop)