Yes, accuracy is certainly the relevant issue, not "saturation". My apologies for sloppy terminology.
The more direct calc (instead of doubling impedance) would of course be:
Va = Ia * Za_unshared + (Ia + Ib) * Za_shared
Since Scotty mentioned protecting the meter, it brings to mind a question what kind of thermal limit the meter input has? (and could it be challenged?)
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(2B)+(2B)' ?