Great post!!
But then again, one man's ISO320 is another man's ISO 200. Or 650. Depending on so many uncalibrated variables such as what camera is used (and is it calibrated? Are its speeds exact or off by a percentage?), what lens is used (are the f stops exactly accurate or are they off by a percentage at any given aperture?), is the processing rigorous (like what's your shaking procedure? Is your thermometer absolutely exact or it is one degree Celsius off? Do you stop counting the time when you start pouring off the developer or when you start filling the Stop? That's like 30 seconds difference right there) and so on.
All in all, there are so many different variables that I simply rate it at 400, 800 or 1600 and try to be as consistent as possible over the years so I can duplicate MY OWN results from one time to another (the key words here are "Duplicate my own results from one time to another".
And please don't get me started on "A film's true speed". That is theoretically very nice and all, but in real life it's utter BS. One only induces great confusion in internet forums when one starts to talk about true film speed because this invariably and instantly wrecks all the recommended development times given by the manufacturers for their own films.
Like, for example, when Ilford recommends HP5 in Ilfosol for 8 minutes at 20c and Joe comes in and says "That's BS, Ilford is a true ISO 250 film". Well, who cares if it's a true ISO 250. What is this supposed to mean? Do I still develop for 8 minutes but expose at 250 or do I expose at 400 and develop for 10 minutes?
Basically, follow what's on the box and you'll be fine. All the rest is pretty much nonsense and a matter of one's own gear calibration that he isn't even fully and accurately aware of. And Ansel Adams is dead, anyways. And Capa didn't rely on the zone system to capture essential scenes that changed the face of photography for ever. And what's the difference between a center weighted measurement and a super duper Matrix metering measurement when both measure one same scene at 1/60th@f8?
And in the end, all this deep accuracy talk means nothing if the image is unappealing, badly composed, badly timed, badly processed and overall flavorless to start with... which is about the norm (just as in any field).
So do like anyone else that's been doing this long enough: Rate your film at any given ISO and stick with that so your entire process, even if sub-optimal or perfectly perfect, is always consistent.