It depends. I have a Stages 1 sided, and it reads noticeably different from my Direto, and to a Drivo that I’ve tested on before. It’s under at lower watts, then over at higher watts.
I don’t know if this is Stages, Direto, or me (my left/right balance changing as my wattage gets higher)
When I just had the Stages, it was great, all my training was consistent. Now unfortunately I can’t use the Stages reliably so may sell it. Most of my training is on the Direto, so that one will remain my reference, then I’ll use HR when outdoor. That works better as I have a few bikes that don’t have a power meter.