TTL metering should take care of any effect the polarizer has, but if you are trying to calculate exposures from a table or with a handheld meter, you can be in for some wild surprises. a polariser is going to drop at least a full stop off your light, and if used for maximum effect i have seen as much as 2.5 stops difference. it mostly depends on how refective the subject was to start with. if you just can't decide for sure, i generally giure 1.5 stops loss with the polarizer and if the scene is mostly over water and you have are using the polarizer to get rid of water glare, i take off an extra stop. it's images with a lot of glare producing surface that change the most and only experience will tell you what fudge factor is best. i generally rely on my in-camera meter when shooting with filters and i double check with a handheld incident light meter to see if i an getting an anomalous reading from the camera's fuzzy logic.
2cents@large.
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