Jack Hogan wrote:
Get yourself an evenly lit gray card (or even an evenly-lit white wall...doesn't matter,) perform a custom white balance, spot meter, and take a picture.
In Raw Therapee with the "neutral" profile, you'll get RGB values of 100, 100, 100 at the metered spot...plus or minus 5. If you examine the image with Rawnalyze and apply the white balance from the camera, you'll get sRGB values of around 100. That's the correct value, as the meter calibration works out to 12.7% reflectance, and that equals sRGB 100, 100, 100.
In ViewNX 2 with the Neutral picture control, you'll get 155, 155, 155. Even with my custom picture control (which basically doesn't apply any processing) I get 140, 140, 140. This behavior of ViewNX and the camera's processing engine causes people to claim that Nikon's overexpose, and I see lots of images with -.33 or -.67 of EC applied.