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Ok, so what can a 1 degree spot meter do for you? A whole lot if you know how to use it (in conjunction with the zone system).
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I spent a good portion of the day just wandering around taking light readings and figuring out the "zone system" After a while, I got the camera out and started experimenting. I see how valuable the spot can be as a tool.
I think I'll go with the 558R.