1. Guys, make your life easy: Drop me an email and I sold you fresh mercury batteries in the quantity you need. They are still produced in Asia, I have them from GP/Silva.
I don't sell them at high prices as I am convinced I will not get rich out of this. But I will be happy if some of those fine 50, 60 and early 70s cameras would be in use again for the next one or two decades.
(Btw, btgc you sit in Japan, am I right?)
2. The problem is not the voltage difference, it is the different discharge characteristics of mercury and alkaline/silveroxyde/lithium batteries. It is no possibility to recalibrate!
3. Some cameras have built in a voltage regulator. (More correctly it is a voltage compensator, a Wheatstone bridge.) Often the manual of these state you need the mercury types, but I think this was just for easyness when these batteries were avaible and they were known to the camera shops.
If your camera has a battery check by meaning of a light you can be pretty shure it has no voltage compensator. Practically mercury batteries have a discharge curve of having voltage or having 0 voltage. (Constant voltage on the entire life of the battery and a sudden drop to 0 at the life end of it.) So a bulb is perfect for this two states, it indicates burning or not burning, between values are not necessary.
Eugen