Since I work primarily in the ...

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Since I work primarily in the aerospace flow metrology industry, where we typically try to measure with +/- 0.1% uncertainties or better, I was not aware of the details of the Parshall flume.  Ian Pearson's comment spurred me to take a closer look at the theoretical background of said device as a +/- 2%  "instrument".  Take a look at the Wikipedia article on Parshall flumes and at the ASTM and ISO standards listed therein.  Good reading, if +/- 2% is all that you need.