The conversion factor is about 4 (and then stick 1.0 on the front). So 10.8 brix is the same as about 1.043, which is reasonably consistent with 1.046 from the hydrometer. You can be assured that the gravity is someplace in that range 1.043-1.046. Both instruments are prone to errors and are plus minus about 0.003. So this all makes sense. Which one to believe? They're both right, plus or minus 0.003.