Chuck,
In principle there are three main sensitivity curves for selen-, photoresistor- and photodiode cells. In addition there is sometimes optical filtering done within the meter (blue chip e.g.).
Further there is the issue to what extend a meter corresponds to a given film sensitivity curve. In theory a meter would have to be calibrated to the very film in use...
However these are minor issues, and this was NOT what I tried to say.
I rather tried to hint at the fact that when you measure a colourless subject with and without a coloured filter there will be a difference in measured luminance of the subject, equal to the given filter factor.
However if you measure a yellow subject through a yellow filter there won't be a difference in the meter reading.