My compact camera doesn't have the option of shooting in RAW. My SLR does and I have set it to take both JPG and RAW for every photo. I still underexpose by 1/3 stop on both cameras for the benefit of the JPG, but I don't think it affects the RAW (I could be wrong on that). Occasionally I've had to go back to the RAW and have been amazed at the amount of extra shadow and highlight detail I've been able to retrieve. I also, when I am not in a hurry, try to look at the histogram and make sure that only a small proportion of pixels are peak white or jet black because these will be clipped. And I set the display to show brightly coloured pixels (the equivalent of zebra stripes on a TV camera's viewfinder) to show up any peak white pixels to help with exposure. Sadly because the SLR only has an optical viewfinder, this aid is only visible when reviewing photos that have already been taken, but for anything critical I check and retake if necessary.
In the days of film, I was gobsmacked by how much extra detail could be retrieved by scanning a negative than was visible in the print, especially when printed in a cheap lab which uses auto settings, rather than when things are hand-printed (which costs the earth).
The 0.3 stop correction may be a matter of personal preference and to counteract the manufacturer trying to produce brighter more vibrant pictures. I have a pathological loathing of pictures where any crucial detail has areas of peak white or flat featureless colour (usually cyan or yellow) because one of the three colours has maxed out while leaving the other two just below peak).