Those that shoot still life often practice ETTR, that is expose the sensor with as much light as possible without clipping highlight detail.
Having practiced this for a while I have been troubled by that it is so easy to mistakingly overexpose that a better practice may actually be to play it safe -- rather a bit noisier shadows than completely lost highlights. Recent articles often state that ETTR practice is flawed and not applicable on modern cameras which has better dynamic range than the early digital cameras. My approach has been to make a safe shot first, and then bracket a few brighter shots and decide in post which exposure to use.
The general problem is that Canon/Nikon (and most other) camera manufacturers do not provide RAW histograms in camera, the histograms is on the camera-generated JPEG even if you shoot RAW, and is affected by white balance setting etc so it may differ a lot from how the actual sensor's RGB channels are exposed. Making ETTR decisions from the camera histograms can lead to over-exposure or under-exposure depending on lighting conditions, certainly not very precise or safe.
So I decided to test the "universal white balance" trick on a Canon camera. It does seem to work, that is ETTR decisions can be safely made down to 1/3 stop from RGB histograms in camera (since clipping levels match actual RAW data), even the live view RGB histogram works well (note you must use RGB histograms, luminance histograms are useless for this purpose). You can even safely make such bold exposure decisions like clipping one channel to reconstruct it in postprocessing which may be ok if the highlight is white (a bright cloud for example). The drawback with uniwb is that embedded JPEGs look green due to this white balance setting, which you may ignore if you want to since you will be using the RAW data anyway, but since this type of exposure optimization is only used in still life photography I usually have the time to change to a natural white balance before taking the final shot. I think it is nice to have a natural-looking embedded camera JPEG as reference.
I also noted that "ETTR" if practiced not to clip highlights (as it should) may quite often actually expose more to the left than standard metering, but of course that depends on how the camera's auto exposure is designed. That ETTR may actually lead to more conservative exposures (more to the left) on modern cameras can make it a bit confusing concept.
Anyway, after doing these initial uniwb tests it seems to me that if you are going to practice ETTR and your camera cannot show RAW RGB histograms you really should consider using uniwb.
Is anyone else using universal white balance to make manual exposure decisions? It would be nice to hear some experiences from those that have used it for a while, if it indeed is safe or if you still come home with over-exposed / under-exposed pictures.
For those new to uniwb, here's a link (for Canon cameras)
http://www.guillermoluijk.com/tutorial/uniwb/index_en.htm