On 26" supports, just use your dial reading for wood shafts or arrows - no conversion. The James Hill spine tester web site has a decimal to wood spine chart at the bottom of the web page that can be printed. If you have access to known, spined wood shafts, you could check the accuracy of your indicator.
The conversion is to compensate for the shorter support spacing and extra weight when doing carbons on a tester set up for wood shafts. You don't convert when using wood on your 26" set up.
The .500 carbon shaft will cover a "range" of spines being dependent on shaft length and point weight for a given bow. It still only deflects .500 reading on the correct supports for carbon - 28" spacing and 1.94# weight.
A .606 is just that - a .606 spine shaft, not a range. Again, it will depend upon your bow set up and then the arrow components if you are using wood. There are some good rule of thumb charts for wood shafts on the web but they are only a starting point. Try a spine range for your bow and one above or below depending upon your arrow setup. The beauty of the spine tester is it lets you check shafts or arrows after you know what works for you. You can go through a mess of shafts and pick out the good uns for huntin' and the rest for stumpin or flu flus.