Yes I do modify my readings a bit (because I use a spot meter to get to my SBRs) in order to avoid wrong exposure. It depends on the absolute values that I get. To give one example: I would expose differently for an EV range of 11 - 15 as opposed to 7 - 11. If I were to give both scenes the same exposure I find that I overexpose (still, better than underexposure) on the latter. I would give the first one an SBR of 9 and the second one an SBR of 7. I adjust my SBRs based on the overall level of contrast in a scene. It is not fool proof but that just makes it more fun.
Sandy, how do you avoid this misinterpretation of inflated values? Is it simply a matter of careful selection of the high and low areas?