+1
I was so unsure about temps (ambient vs fermometer vs internal) so I did some tests myself and my conclusion was that I could trust what my fermometer says. To begin with I was thinking that if my fermometer was showing 65 that my internal temp could be as high as 75 but I didn't find that to be true. All I did was fill my bucket with 5 gallons of warm water and leave it for a while. I measured the temp with a thermometer and compared that with the fermometer and the readings were the close.
Hey, if it works for you, go with it and don't worry about some egghead like me. But, as I am an argumentative arse, let me point out some errors in your experiment.
In your experiment, you didn't measure and correlate the important variable of ambient temperature? If the temp of the warm water in your bucket was consistently near ambient temp, you should get consistently close readings. Additionally, if the temperature differential fell within the margin of error of the Fementometer, your reading would remain somewhat accurate while the water and air temperatures remained fairly static. However, it is when one or both of the independent variables (wort and/or air temp) change that you can draw a conclusion about the dependent variable (i.e. the reliability of a Fementometer in representing wort temp).
Also, there would be a point at which the two different thermometers (wort and Fermentometer) would cross each and even be identical. This does not mean Fermentometers are consistently reliable across a range of varying temperatures, just that it had an accurate reading at some point in time...even a broken clock is correct twice a day.
Another thing about your experiment was that you said, "All I did was fill my bucket with 5 gallons of warm water and leave it for a while." Not putting the lid on the bucket could have allowed warm moist air to surround the Fermentometer and flawed the experiment.
Yet another variable that your experiment was lacking was a varying internal heat source that would account for the varying exothermic activity of yeast. Before or after primary fermentation a Fermentometer could be fairly reliable. Nonetheless, it is during primary that we are most concerned with wort temperature and the inaccuracy of a Fermentometer can be at its' greatest.
I recommend that you measure the temperature differences throughout an entire fermentation process, paying particular attention to primary, and also measure, log and correlate the ambient temperature with the Wort thermometer and Fermentometer. If you are measuring an ale, you should use an accurate probe that remains in the top 1/3 of the wort and is in the center of the bucket. With top cropping ale yeasts, this can be your hottest thermal layer. Additionally, it would be useful to make note of and keep the air circulation consistent, as this variable will effect how much of the heat radiating from the bucket will remain around the Fermentometer and effect it.
Look forward to hearing the results. And, sorry for being such an arse.