Thought I'd share a recent shoot when the CP came in handy.
I rarely use the CP for darkening an already blue sky (which I think often pushes an image over-the-top), but I do use it to control water reflections (when I remember to bring it ).
The CP doesn't always work to this degree as it depends on the shooting direction in relation to the light and how polarized the reflected light is. Although one would adjust the exposure to compensate for the "filter factor" being used, I kept all 4 of these samples at the same exposure to show the exact effect of the filter. Obviously the first one has the least amount of reflections eliminated and so it was the closest to what I actually saw (albeit overexposed).
So simply dial-in the amount of reflections desired to suit your taste for a given scene.
Hope it helps :thumbsup: