I think I am following this correctly, but I'm either missing something, or I dunno...
If you want a 2-stop difference between your fill and key lights, you want your fill to be at f/4, and you want to shoot at f/8. You start by metering your fill light until you get it at f/4. Next, you add your main light, and adjust until your meter reads f/8. Am I correct in saying that you actually don't have a 2-stop difference? Because, what you have metered is the combination of your fill and your key to get to f/8, so the key light is actually less than f/8... right?
The fill hits where the key doesn't. That's f/2.8. Where the key and fill hit, it's F/8. When individually metered they're not two f stops apart. When the light hits the same surface, it is.
A lot of it depends on where the light is and how you meter, but this gets you good exposure the first time, but I consider it to be rather safe.



