Paul...I bought it on your recommendation...grin...but never having used one, I was a little confused when I first used it. On a very bright sunny day there was very little change in the viewfinder when rotating the filter, and on a drab cloudy day it really got dark with again no change when rotating. Is it wise to use the polarizer at all times? Also should I change the exposure setting and/or the WB settings on the camera? And what to do about the lens hood? It's hard to reach the filter to rotate when the hood is on.
Thanks my friend.
Nope, you don't need to adjust your WB, or exposure settings, when using a CPL.
As for the lens hood issue, I don't adjust the CPL for every shot. What I do is gauge the conditions I'll be shooting in, set the CPL (I like light to moderate polarization most of the time (it's an easy thing to over-do in my opinion)) and then attach the hood. I only adjust the CPL when the shooting conditions change significantly. If you're making micro-adjustments for every shot, in my opinion, you're probably over-thinking things. Sometimes a CPL will have a big impact on your shot, other times not so much. But having shot with and without one for a long time, I can tell you... There's a lot more adverse reflective light "out there" than most people realize. Color and contrast are almost always just a little bit better when you have a CPL on and sometimes they're dramatically better. Lastly, since the Hoya HD filters, specifically, are made of significantly harder glass than most filters they also serve as a protective filter even when you don't need polarization; kind of a two-fer in my book. For the 10% of outdoor shots I take without the CPL, it's probably because I need the extra stop of light so the CPL comes off.
Scott has provided a very good link, definitely read that over.
Here's my favorite video on the topic of using a CPL:
How to Use a Polarizing Filter