I looked into this too since my previous PAR meter was way off, and I didn’t want a repeat issue—it’s one of those “set and forget” things. I did some hands-on testing with my iPhone 15 Pro and the official Photone diffuser, using the full LED spectrum setting and an underwater phone case to measure PAR in the water.
Because my lights are suspended from the ceiling, I was able to swing them out of the way and compare readings in air vs. underwater. The two values were essentially the same, both fluctuating in the same range (for example, 60–70 at substrate level). I repeated the test on both tanks and couldn’t see any difference between the air and underwater readings.
So take that for what it’s worth—my water is crystal clear, which might make a difference. Hope that helps!