How can the meter in the FE is more accurate than the FM? If the meter of either is out of calibration then they are off but generally the FM with the LED indicate exposure within 1/5 stop I don't think you can match the needles that well.
Originally Posted by sangetsu
The meter for the FE doesn't read off the film. The photocell is in the viewfinder and and a hold circuit hold the meter reading when the mirror goes up. None of the Nikon does off the film metering (except for TTL flash in which case the FE doesn't support) it's just not the Nikon way.