Alex
At the risk of complicating this post I would like to try an idea on you, that relates to a feature request I posted the other day.
The idea is to bring an ML 1 deg spot together with AETTR.
At the moment my understanding is that the AETTR algorithm scans the entire scene and works out the shift in exposure to ensure the user's criteria is met.
I use manual (ie non ML) ETTR a lot, but with a spot meter. My work flow is simple, scan the scene with my 1 deg spot meter and select the 'hottest' part of the image that I wish to see shifted to the right, ie the highlights that I want to see in zone 7 or 8, rather than the camera's mid tone zone 5.
Through calibration I know on my 5DMkII the DR is about 7.2Ev and the highlight edge is at 3.2Ev. So I can safely shift by up to 3Ev.
I use an external meter as this is lens independent. BTW on my 5DMkIII I would need to use about a 350mm lens to achieve a 1 deg spot - see here:
http://www.spotmetering.com/1deg.htmIf ML could emulate a 1 deg spot, ie by noting the lens FL and the sensor size and returning an exposure restricted to the ML 1 deg spot, this would mean ML is a real alternative to, say, the Sekonic meter, which I use. If the lens doesn't return its FL, then ML would use a default FL that the user could change, ie to account for a manual lens.
Once there is an ML 1 deg ML spot meter built in, the user would than be able scan the scene in LV, select the part of the scene to AETTR and let ML do the rest, ie shift the exposure or at least indicate what that shift would be.
The two killer features here are a 1 deg spot (or a selection of angles?) coupled to the user selecting the area of the scene to shift from.