I got a little off topic with this in another thread so I thought it better to start anew.
Let's take a look at the specs of the panel current meter -
Power specifications:
4.5V to 30V DC power
0-9.99 Amp DC current sensing
14cm long wires, 26 AWG for power wires, 20 AWG for current wires
0.01 ohm shunt
3-4mA draw
Red LED display
Reverse polarity protected
First test - current draw of the meter itself (the current sensing wires are not used in this test). The meter circuitry uses 24 mA with 10 V supplied. The specs say it uses "3 - 4 mA". That's not correct. And yes, that lab power supply is correct, I checked it against that Tek DMM you see in the pic. Heck, a single LED can use from 10 - 20 mA not to mention the other components on the board so I don't know where that spec came from. Even supplying the lowest voltage to it (4.5V) it uses 20 mA.
Note: the breadboard you see is inactive - it's just a paperweight at the moment.
Moving on - We have a halogen lamp load, the panel current meter is low side sensing - a very simple circuit.
First example:
Lab PS reads 1.748 A
Panel current meter reads 1.71 A
Since the lab PS is also providing the 24 mA to the panel current meter, we have to subtract that from the lab PS current reading to obtain the current for the load only.
1.748 - 0.024 = 1.724 A load current
The panel current meter is therefore off by 1.724 - 1.71 = 0.014 A
Now for a little higher current:
Lab PS reads 2.00 A
Panel current meter reads 1.92 A
2.00 - 0.024 = 1.976 A load current
The panel current meter is therefore off by 1.976 - 1.92 = 0.056 A
The above load current measurements were verified with the Tek DMM.
I see three issues:
The panel current meter really can only indicate from 0.01 - 9.99 A, not 0 - 9.99 A.
The meter draws 20 - 24 mA - not "3 - 4 mA"
The meter is not very accurate at low currents but gets better as the current gets higher, but still isn't as good as comparable technology in the class, such as the DMM. I can do more tests if you want.

