Mark Norton said:
I don't know where you get the idea that the blue dot is used to determine working aperture. You seem to be suggesting that it does it by comparing the direct reading with the one through the lens and using the ratio to determine actual f-stop.
I wrote a long post about this in another thread. I don't know whether or not the "blue dot" actually is an external metering sensor, but an external sensor certainly could be used to derive working aperture.
This isn't just some crackpot theory I made up. The Contax G2 works exactly this way to get a working aperture to imprint via its data back. It has an external meter sensor to handle metering of the 16mm Hologon (which blocks the TTL sensor) and this also is used as an input for working-aperture determination.
It's not really any different from something you could do yourself with a hand-held meter. The camera metering system measures film-plane brightness and, based on the ISO setting, computes what shutter speed will give a correct exposure. So if I told you what ISO setting I had set and what shutter speed my camera's meter had selected, you could determine my working aperture fairly accurately by setting a hand-held meter to the same ISO, pointing it at the same scene, and noting what f/number lined up against that shutter speed.
Of course the aperture derived is only approximate, for the reason you've pointed out (you can't count on the external and internal meter sensors reading exactly the same field) but it should be reasonably close in most cases and certainly is better than nothing!
Again, I don't know whether or not that's the real purpose of the "blue dot." But if Leica does want the M8 to be able to record the working aperture in its EXIF data, it will need to use some system like this. The alternative would be to redesign every M lens to include a mechanical or electronic encoder to signal the position of the aperture ring, and I'm
sure Leica fans would just hate that!