I've just remastered my first song based on LUFS metering, using the meters in my recently-acquired iZotope Insight. I'm very pleased with the result.
To be perfectly frank, I'd been somewhat befuddled by LUFS. All the documentation is about
broadcast requirements, which don't apply to me. There is no official standard for music in general. On CDs there is a large window of what's acceptable. Soundclick and SoundCloud do not compress, and therefore impose no expectations on the submitter.
That leaves home masterers to find their own target by trial and error. For MP3 music it's come down to YouTube, iTunes and Spotify to establish some de facto standards. Those three can't agree on what it should be, though, ranging from -13 to -16. So I reckon the best target to adopt is one that online streaming servers are least likely to compress further.
So this has become my guideline: -16 LUFS. I still set my brickwall limit to -1 dB as I always have, and still enable True Peak (oversampled) detection. For awhile I kept SPAN up alongside Insight for the comfort of familiarity, but it turns out that -16 LUFS yields subjective results similar to K-14. The volume level I set my portable MP3 player to remains the same, and loudness is still perfectly acceptable on my favorite headphones.
So far, I've only done the one song, but I plan to remaster a bunch of old projects this way. This is all leading up to a remaster I'll be doing next year for a friend's album, one I'd originally mixed and mastered two years ago. He recently mentioned that he's sold nearly all of the initial run of 1,000 CDs and would be re-ordering another batch (1,000 copies in 2 years - in the homemade record business that's what you call a "hit"!). I saw that as an opportunity to test myself, to see if I was really getting better at this or if it was just wishful thinking. So I volunteered to remaster it free of charge.
Whilst thumbing through projects to choose for the next experiment, I listened to stuff I'd mastered 10-12 years ago - holy crap, it was BAD. Which is good. It means I really am getting better at it.