EV 1 over EV4 gives you three stops, which is nice but let's be honest: it's not going to solve k.hendrick's problem. I, too, find it odd, that $500+ light meters have less range than smart phone cameras, it's not like we expect sharp high res images from light meters ...

One note to k.hendrick: don't forget about reciprocity failure, even if a perfect light meter tells you "5 minutes exposure at F/4" this will most likely not give you good results.