I tend to use the light meter mainly in the church, I take a reading then do a test shot. Often the RGB histogram doesn't reach the right side, so I increase exposure by a stop. Later I sometimes get blown channels, but easily recoverable (especially with the 40D HTP on).
See, this is why I don't trust the histogram. Blown channels are not recoverable.
I believe you're better off shooting what the meter tells you and then leaving the exposure compensation alone in PP. Otherwise you're just throwing information - you're overexposing during the shoot, then throw information out as you post process. So you lose time and information.
That said however, if they light is ugly a creative overexposure might hide something and improve the overall picture. That's where you don't blindly trust a meter and the artist within you has to make a decision. Blown highlights can be an artistic tool as well.


