Has anyone else noticed a difference like this? Not sure I want to trust this meter...
Excellent catch there, WER! So, I drag out some meters, a calibrated power supply, and a battery. Hook 'em up, sure 'nuff, the Sperry is quite a ways off:
But, not to worry. This is a good meter. It's just been setting in a box for almost 20 years. The Sperry meter comes from that 'twiddly' time where gadgets had inner calibration adjustments, and I'll show you how to calibrate the voltage reading.
Open the meter, and find the 3 potentiometers (trim pots), each with a screwdriver slot. Using a fine-tip felt pen, make tiny marks on the trimpot cases that align with the existing positions of the trimpots screws.
Now, rotate each trimpot about +/- 45°. You'll hear/feel a slight 'snap' as the trimpot wiper breaks loose from its 20-year-old home. This fore/aft rotation will freshen the wiper contacts, essentially renewing the calibrations. Return each trimpot precisely to its original position, using the aforementioned pen marks as guides.
Now, retest the meter, leaving the unit open. The upper/right trimpot in this pic is the voltage adjust. Tweak it to whatever reading you desire. In this pic, you can see that I've adjusted mine a little counter-clockwise.
Here's the result of my recalibration. The Sperry ADM-18A is to the lower/left.