... Anyway, back to the debate...
Well, as much as I value all the science about film speed, and I really do, it would seem to be of limited practical value unless there is a way to easily apply it to exposing film in everyday situations. Some way to make all that information useful at the practical level is required to actually make a well-exposed negative (transparency).
This necessarily involves somehow measuring light and determining a suitable exposure. I think that modern, highly-sophisticated in-camera meters come close to the goal of giving consistently good exposures at box speed.
Working with LF and a hand-held meter is another ballgame. One needs to read, interpret and apply readings. As precise and accurate as that can be made is great for me, but if my meter, and the way I use it (not to mention developer, etc.), seem to demand that I use a different E.I. than box speed to get excellent results, then I'm simply going to rate my film differently than box speed. Plus, since I'm using large-format and black-and-white negative materials, I don't mind erring a bit on the side of overexposure.
I don't think I'm blindly following advice that I've read (although following advice from know authorities with proven expertise is probably a good idea, especially for a starting point), nor am I taking things on faith (I test, keep notes, compare results, etc.). Nor do I think that I'm discovering the film's "true speed" by rating it differently; I'm fully aware that I'm compensating for whatever inaccuracies and weaknesses I have in my system.
So, if the metering and visualization system (Zone System) and equipment/methods I use (Pentax spot meter, pyro developers, darkroom printing, etc.) provide better results when I change the film-speed setting on my meter by 1/3-stop (for my favorite film, 320 Tri-X) or 2/3 stop (for TMY), then I'm just going to do it.
I'm interested in making expressive photographs, not doing sensitometric science, which, if it hasn't become obvious by now, are two different (albeit related) disciplines. I'd love to have a meter and a metering method that just let me take one reading at box speed and get great, easily-printable negatives. It would seem to me that, although some sophisticated in-camera meters do a heck of a good job, we aren't there yet with hand-held meters. Since I'm using one of those rather less-sophisticated meters that requires me to interpret and apply the readings, I have no qualms about changing a film-speed setting if (and only if!) it gets me better results.
Furthermore, in my experience, a lot of beginning photographers, who are trying to expose using hand-held meters and the Zone System, and who are developing and printing their own work, end up underexposing their film at first, for whatever reason. So, it seems pretty apparent to me that there is a systemic flaw in the hand-held-meter-Zone-System-metering method that ends up needing an exposure compensation so as not to underexpose. If so, then I still think the tool is valuable enough to simply downrate film speed to compensate for the shortcoming, being aware, of course, that by doing so, I'm simply compensating for the "system" and that the film speed is what it is, regardless.
Making excellent prints is the goal; whatever I have to do with the stuff I use to get them is fine with me.
Best,
Doremus