This is confusing to me as well. I do know that pointing the meter at light source at mid-day in high light will easily get 10,000 FC. Full sun in bright cloudless sky can exceed 10,000 FCs easily. So I suspect you are seeing correct readings. I do know that you do NOT want to point at leaf surface. That will fool meter. If you have bright, cloudless sky and 73 percent shade, I suspect you'll be reading 7300 foot-candles. If you need less light, you can try moving plants to shadier locations, or adding slats above plants to reduce further. Only problem might be in winter when clouds abound. Light intensities will drop, of course. Hope this helps.
All my growing is under t5 florescent light banks in basement, so I don't have direct comparison. Reading the light, however should be the same?
I do have a direct correlation since I know how many lumens the t5 banks put out and can meter under controlled conditions. From what I see with this meter, I recommend you take readings at position of the plant with meter pointed up towards the light. If the amount of light seems to high, consider adding more shade cloth. Remember though, in winter months when sun is lower, light lumens will be less as well and you have to have some way to remove some shading to increase light. Just a thought to ponder.