The M3 won't care. Your film will. Unfortunately not all filters are created equal in density and spectral response, nor is film. And as colour filters interact with the spectral sensitivity of b&w film, the lighting will also change matters. The published factors of the film and filter manufacturers should be considered starting values for your own tests - apart from giving a factor for only one half of the film/filter combination, assuming the other to be a (imaginary) standard, they also assume bright daylight conditions.
Fortunately medium yellow is a gently filter with a wide spectrum right around the centre point of the films spectral range - a factor of 2 in daylight, or 1.7-2.5 for incandescent respectively dawn/dusk, would be pretty safe, and TTL metering (or through-the-filter, for handheld meters) will match the on-film results closely.