I can't speak to the new VC, as I only have the original version, but I would say that it is more accurate than the MR, particularly in low light conditions (the old CdS meters like the MR also tend to take little while to recover from exposure to strong lighting, too). The only advantage to the MR, IMHO, is that it couples directly to the shutter speed dial (it's also a more "authentic" Leica accessory if you care about such things).
BTW, although I started off w/shoe meters like the VC & MR (& still have both of them for occasional use), I now favor a handheld Gossen Digisix when shooting w/my meterless cameras; the ability to take incident readings is a godsend for me.
Quote:
Originally posted by Biber
I'm looking for a meter for my M4-P and I've found a nice Leicameter MR in Sweden now. It costs $270, which is about $70 more than I'd have to pay for a new imported VC II. The problem is that I can't decide which one to buy. I've never used any of those two before.
Does the new VC have an exposure lock, and how good readings does the old MR get compared to a new VC? Can the old MR handle EV 1-20 like the new VC does?
Is CameraQuest trustworthy? I've never ordered anything from them before. 
I'd love some advice on which one to buy (and use).
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