I've had success creating both logical and physical meters and associating logical meters to equipment and physical meters to logical meters. What I have been unable to do to this point is replace a physical meter.
Scenario: A vehicle's odometer is damaged and needs replacing. The new odometer begins at 0 (or some meter reading lower than the logical meter). I associate the new physical meter to the logical meter.
What I've not had success doing is capturing new meter readings and getting the logical meter to continue to calculate usage.