Thank you all so much. Now i feel much better. I guess in a nutshell, i should err on the side of overexposure rather than underexposure. At least then i know that i have the raw data that if anything could be 'corrected' at the printing stage. This is wonderful.
Another side question is, digital black and white obviously does not have this latitude right? I used to take color shots in my D200 RAW and convert it to B&W. Is it correct to say that the dynamic range for digital is not as many stops as the film's B&W? If thats the case then would it be right to say that in this one area film is definitely better than digital??