Kodak recommends that when photographing a black object, you open up the f-stop 1 to 1 1/2 stops from what the gray card reads. I've always ignored this advice until today, when I took two photographs of a black cat. In the first, the black cat lies on a light carpet. I set my exposure to what the gray card read. The colors came out like I expected, with the cat looking black, and the carpet looking light.
In the second photo I took a close-up of the black cat, with just his fact filling the frame. Again, I used the gray card to set my exposure. This photo looked too dark, with not enough detail.
So it seems that you do have to allow 1 f-stop more of light when shooting a completely black object.
I just did a test. I took three pictures of a black bag. The first one I set at the gray card reading. This picture came out with the right amount of blackness, and showed enough detail to allow you read the letters on the bag.
In the second test I set the exposure a full stop more light than the gray card reading. The bag might have been a bit lighter than full black, but you could see a lot more detail in the picture, or rather, you could read the detail better.
The third photo I took at 1 1/2 stops more light than the the gray card reading. This photo came out too light.
I use ambient light to set my exposure. I don't use the zone system. I shoot 35 mm. However, let me bring in the concepts from the zone system. (I hope I am using them right.)
When one sets the exposure according to the gray card, a very black object, like a cat, is in zone III. Kodak is telling you to put that object in zone IV in order to get more detail.
In contrast, if one had a mixture of black and white objects, one should keep the black object in zone III.
Is that the correct way to look at this?