I'm just setting up my PWS at our bach at Port Levy (on Banks Peninsula in NZ).
My motivation is that the local official raingauge in a neighbouring Lyttelton Harbour does not measure the same rainfall as we get, but rainfall is very important for us because that's our only source of freshwater.
On my website here, there's an analysis of rainfall from 1961 to the present for our area:
http://www.tideman.co.nz/PortLevy/LyttRain.html
If you look through the site, you'll see that the variability in rainfall from site to site can be quite large.
I expect that my PWS will record rain that is 1.5 times the rainfall at Lyttelton. I guess this is because our aspect is somewhat different and we are more exposed to southerlies.
I used the Lyttelton data to figure out how large our storage tank needed to be when we renovated recently. As it turned out, the existing tank was large enough (13,500 litres), given that we doubled the roof area.