Doesn't the N75 have spot metering? I thought that somebody might of mentioned that it did? Anyway, like Sean said, you can always read the meter in the camera with a lens that does work, and then switch to the other lens.
The sunny 16 rule is a very general way of measuring light outdoors, but if you begin using it in conjunction with a light meter (in camera or hand held, you will soon begin to be able to judge light fairly well. Practice trying to use sunny 16 in your mind, and then use the in camera meter to see how accurate you are. With practice and experience you will eventually get pretty accurate. The Sekonic 508 is a great meter, and I use it a lot, but there are times when I need to be quick (look up Ansel Adams' story about shooting "Moonrise Over Hernandez"), and the ability to be able to assess proper exposure on the fly is invaluable.
There are plenty of sites that'll have a better explaination, but I'll give it my standard convoluted try. The sunny 16 rule is that the proper exposure for a bright sunny day is an aperture of f/16 and a shutter speed of 1/ISO ( so for ISO 400 it would be 1/400, now your camera probably doesn't have 1/400th, so round down (overexposing) to 1/250th. For ISO 100 film the shutter speed would probably be 1/90th or 1/60th depending on you model of camera).
Now as long as you understand stops and the the reciprocity between shutter speed and aperture you know that f/16 at 1/250 = f/22 at 1/125th = f/11 at 1/500th = f/8 at 1/1000th = f/5.6 at 1/2000th = f/4 at 1/4000th, etc... Reciprocity basically means that as you eliminate a stop of light with either the aperture or the shutter, you must compensate by adding a stop of light with the other, or the other way around.
Now here are the general adjustments (and you'll need to practice judging this as partly cloudy may be different in the eyes of one photographer to another):
partly cloudy, add 1 stop of light (so at ISO 400 it would be f/11 at 1/250th = f/16 at 1/125th, etc...)
fairly overcast, add 2 stops (f/8 at 1/250th = f/16 at 1/60th, etc...)
very overcast, add 3 stops (f/5.6 at 1/250th = f/16 at 1/30th, etc...)
dark and stormy, add 4 stops or more....
Keep practicing.