There are a couple of aspects of this concept of ETTR or 'optimal exposure' which I find very relevant for my own photography, which I'll list below.
(1) How much time does one have, before losing the shot, to employ techniques like taking a spot meter reading of the brightest part of the screen, then calculating an increase of exposure by 3 stops, or 2.75 stops, or 2.5 stops, depending on camera model, or examining the camera's histogram of a jpeg image and making a guess as to the optimal exposure?
(2) How anally retentive, or fanatical, does one need to be in order to get a satisfactory dynamic range which does not include blown highlights?
In answer to the first question, I decided years ago, when using Canon equipment, that it was much better to auto-bracket exposures for each shot, then later in Adobe Camera Raw select the shot that was best. Sometimes the best shot was not the one with the optimal exposure, but the underexposed shot which just happened to catch the best moment, when there was movement in the scene, and was the sharpest because of the faster shutter speed. That was a bonus. Also, if the scene was static, one could always merge to HDR in Photoshop.
In answer to the second question, there is less reason to be anally retentive now that recent models of DSLRs have significantly improved DR, especially if one is using Nikon cameras of course.
Nevertheless, still being just a little bit fanatical myself, I do my best to avoid ruining shots with blown highlights which might contain detail relevant to the composition, such as amazing clouds in a bright sky.
The way I do this, which I've mentioned before, so I hope I'm not being too tedious, is to manually set exposure whilst viewing the camera's metering system at the bottom of the optical viewfinder.
On my D810, the exposure wheel is behind the shutter button and can be easily adjusted with my thumb without taking my eye away from the viewfinder.
I always use a single focusing square, which is also connected to the camera's metering system, and is activated with the AF-On button. The camera produces a meter reading which relates to whatever part of the scene is covered by the single focusing square, but this is not 'spot metering'.
On the D810, I don't even have to press a button to get a reading. I simply move the focusing square to any part of the scene in the composition, by swinging the camera rather than tediously moving the focusing square with the joystick. The exposure reading is shown at the bottom of the viewfinder.
The exposure reading scale in the viewfinder stretches from a minus sign on the extreme left, to a plus sign on the extreme right, and a zero in the center. If the exposure reading exceeds either extreme of plus or minus, a white arrow head appears at the extreme right or extreme left.
The issue that needs to be determined by anyone using such a method with a Nikon camera, is what reading at the foot of the viewfinder equates to an ETTR exposure, and also in relation to what RAW converter.
I use Adobe Camera Raw, and that's the only histogram I'm concerned with, at least initially. Consistency is the name of the game. Through basic, practical experiments, I have determined that an exposure reading to the far right of the D810's metering system, when the focusing square is positioned over the brightest part of the image (relevant to the composition, of course), is the correct exposure for an ETTR shot.
This is consistent for every shot, but only for my D810. When I use my Nikon D5300 with walk-around zoom lens, I have to adjust the exposure manually so that the meter reading in the viewfinder is only about 2/3rds of the way towards the extreme right. Also, the D5300 does not give a reading without pressing the AE-L/AE-F button, so one is actually refocusing whenever taking an exposure reading of the bright part of the scene.
However, I do understand that all this is not necessarily relevant for those who are not using Nikon cameras, except in so far as you do need to work out what is the best and/or quickest way of getting an optimal exposure with your particular model of camera, if you shoot in RAW mode.
The method I've outlined does cause a delay, compared with auto-focus in conjunction with auto-exposure, but a delay of only 3 or 4 seconds, and less when you've already made general adjustments for the lighting conditions of the environment.