Is this what you'd use if you wanted to be presice?
No.
1. I'd calculate the real plate voltage by subtracting the measured cathode voltage from the measured plate voltage.
2. Then calculate or measure cathode current with 1Ω resistor or bias probe.
3. Then calculate screen current by measuring the voltage drop across the screen resistor and dividing by the value of that resistor.
4. Now calculate plate current by subtracting screen current from cathode current.
5. Finally, multiply plate voltage times plate current.
Side note... We've all seen the 1Ω trick used to measure cathode current. But did you know that you can use the 1Ω trick to measure current in other places?
For example...
1. Put a 1Ω resistor in the plate circuit to directly measure plate current without having to deal with screen numbers.
2. Put a 1Ω resistor in the B+ line to directly measure B+ load current.
3. Put a 1Ω resistor in series with the AC line fuse to measure the total AC line current. (Need a good true RMS meter).
The 1Ω resistor is not a one trick pony. But using it in the examples above require 2 handed probing or clip leads. For those that subscribe to the "one hand behind your back while probing" theory (I don't, I use the know what you're doing and be careful theory) or you don't have steady hands, this may not be a good idea.