Originally posted by mattb123 Yeah, this. There is no EV compensation in full manual mode. That is just the meter reading.
That depends on the model. For the K-10D, it's true there's no EV compensation in full manual mode. But for both the K-5 and K-1, there is. I don't know how the K-50 handles it.
On the K-5, it's a bit confusing because there's only a subtle difference in the exposure bar-graph. For a M-mode meter reading, you get a line of several bars showing over or under exposure. If you hold down the ħEV button and change that, the same bar-graph is used but it only shows a single bar for the setting value. The exposure bar-graph switches from showing the ħEV setting to showing the meter reading (adjusted by ħEV) when you half-press the shutter.
The best way to think about EV compensation is that your setting is tweaking the exposure meter reading which is then either used to set the exposure in any of the auto modes or is shown in the display in M model.