Okay, I have scanned this thread, and I see no mention of declination.
Let’s say you and your buddy are down on a shoreline dive, and find something big or heavy on the bottom that you want to return to. You surface straight up, and after your safety stop (no current) get up and look around. You see a lighthouse and a jetty, one off to your left and one off to your right. You can take bearings off those landmarks that are on a map, and pinpoint your location on that map. But you need to know declination.
The compasses you discuss, including the Teric, point to magnetic north, not true north. Usually, this is not a problem, but you cannot say you really know about compass navigation (underwater or on land) without at least mentioning declination, or how far off true north your compass is when pointing to magnetic north at your location. The Teric manual states, about declination, that you can look it up and set it into your Teric internal compass, but in most cases this is unnecessary as you are relating it only to getting back to a ship or a point on land. But if you try to relate compass readings in magnetic north (the reading on a uncompensated compass) to a map, then you need to know the declination of your are and change the reading to the actual true north reading. Navigation maps usually have this printed on them, but the declination changes over time, so don’t use it off a twenty-year-old map.
SeaRat
PS, a compass on land is useful in several ways, even without a map. If lost, it will allow you to walk in a straight line. It will also allow you to take a bearing on a landmark, so that you can transmit that to rescue forces via radio or cell phone. If you can see two landmarks, you can give a bearing to each, and they can then use this triangulation method to pinpoint your location for possible helicopter evacuation. It would be best if you could give those bearings in true north rather than magnetic north, as you would then depend upon someone else to convert your magnetic north bearing to a true north compensated bearing using the area’s declination. I always carry a compass while out hiking, and usually a very detailed contour map too if I’m not familiar with the area. In my area of northwest Oregon, that magnetic declination is 15.2 degrees east of true north, so you can see not being able to convert can put you very far off course.