As I do not work for any of the named companies I can't tell you what they are doing with their metering.
What I can tell you is that there are very specific, and agreed upon definitions for most of the terms that get tossed around, and all of these definitions can be found in various standards from IEEE, AES, SMPTE, EBU, etc.
Before you go down that path you have to first appreciate that analog voltages are usually measured over time, while digitized signals lend themselves to instantaneous measurement. Both have appeal, and applications to music production. But they are different methods, with different results for the same signal. You need to know when to use one or the other regardless of the domain.
Other things you need to think about:
- a sine wave is cyclic, music is not. nor is music completely random, it is, for our purposes, considered periodic, but that is stretching things a bit. This is one of the key factors, I think, behind different meters displaying different levels for the same material. There are others - for example a sine wave has a crest factor of 3 dB, a square wave has a rest factor of 0dB, and audio can have a crest factor anywhere from 0 (highly unlikely, more like 12 dB) to as high as 20 dB. All RMS level meters and many RMS power meters, can stumble over different crest factors. Put another way, the ratio of RMS to peak value needs to be taken into consideration!
- dB is ratio, and if you want to be really pedantic, it is a power ratio, although it can be used to describe any ratio. For our purposes it really is not important that it is a logarithmic ratio, except to remember that it is logarithmic because our hearing is logarithmic.
- dB is a ratio, so it you want to know amplitude or power or whatever you must have a reference
- common references include dBu, dBV, dBFS, and dB-SPL, among others - each provides a reference from which the ratio is derived. For example, if 0 dBV = 1V the 6 dBV = 2V.
- dB is an RMS measurement, by definition. You can man-handle it into representing peak values, but you must do so carefully, and document completely.
- VU stands for Volume Unit, and is an arbitrary scale, based loosely on mechanical meter ballistics, that is intended to represent - very roughly - the way the ear reacts to changes in level. 0VU = +4 dBu in most professional audio applications, +8 dBu for broadcasters, and -10 dBV for semi-professional gear. They are NOT the same!
- In general, when we are metering in the digital domain we really are interested in how many bits we are using, because if we use all of them for any period of time things start to sound really ugly. But that is a generalization, there is no reason why digital metering can't convey apparent loudness, for example. And there are a number of reasons why digital metering ought to be able to convey a whole lot more!
- Metering, and measurement in general, REQUIRE that everything use the same reference in order to be meaningful. In the bad old days we would spend time before each session setting (or at least checking) levels so that 0 dBu at the tape deck outputs was 0 dBu at the console input, and 0 dBu at the console output was 0 dBu at the tape deck inputs. It did not hurt if 0 dBu at a channel output appeared as 0 dBu at the compressor inputs either!
It would be a very interesting experiment too see how different software tools I have at my disposal represent levels... I need to find time to do that again!