The are different grades of paper, in the 70s most companies, Kodak, GAF, ILford, Agfa offered grades 1 to 6, or maybe 2 to 4 depending on the manufacture along with multi contest papers. In the modern world in hard to find any grades beyond 3 and 4, some normal and hard. Multi contrast paper has become the norm.
I may have missed it but what I don't see covered here is the fact that most all color and b&w films I have tested have near endless overexposure latitude.
A practical application of this is that a single frame of Kodak Portra 400 can capture on a single frame of film the dark and the otherwise blownout highlights. The film has captured it but you will need to work on it to bring it out.
Another practical application of this is that you can effectively change the ISO to suit the task. For instance I saw this scene and with the aperture I selected my camera's meter recommended 1/60 shutter speed. The water flow wasn't much and I needed at least 2 seconds to achieve the effect but knowing the latitude of the film and my workflow, I was confident that I can work with the +8 overexposure.