Philosophical depth sounder offset concepts 101
This is a recurring discussion, in many cases involving How Tos and the like.
I'd considered the two different ways of doing this, i.e., below keel or waterline.
Then I had a "eureka" moment. I found a spot of soft mud and slowly ran the boat over it. When we hit, I noted the depthsounder reading 4.4.
Now I know, for sure, that if the number on the sounder reads more than 4.4 we're OK. Anywhere and everywhere.
The point that it should be set to be used to compare to charted depths, even accounting for tidal differences, I'd also considered. But the depths on charts is either way old and may have changed, and/or is extremely relative, since most charts jump in depths. For that use, I find the contours, and work those.
I anchor regularly, and this has served me well for 15 years. It's the CHANGE in the depth of water one is concerned with in that case.
Your boat, your choice, just another (third) way to do it.
In any event, YOU need to figure out what you have and what you want.