Here are the ranges for film, paper and print. They are superimposed so the meaning of the horizontal (X) axis is lost. However, for the film curve, each 2 digits on the horizontal axis is one about one zone.
As far as latitude goes, narrow SBR, increased film latitude----high SBR, reduced film latitude, regardless of the film being used.
Compensation brings up lots of questions like; if you're looking to use compensation wouldn't you want to peg exposure to make use of that? I.e. pegging to place those highlights for the print.
No apology required either.
From your original post, it sounds like you are basically talking about the tone reproduction curve.
For me that definition is typically and primarily founded on mid-tone contrast and pegged to print faces/portrait material properly, past that I don't necessarily care exactly where background subject matter lands. Instead I care about the background more in a general sense, as in creating a high key or low key setting.
Others, such as those who enjoy the West Coast style, may have very different priorities.