BigH...I agree that most do not apply corrections to the SPT from the field...it is what it is! Schmertman did a lot of research on this in the 70's, but corrections as a result have never caught on in the commercial realm.
It's interesting that with all the research done, all the fancy equipment we have today, and all the brainpower that has gone into geotechnical engineering, we still use the concepts of the pioneers (Terzaghi, Peck, Casagrande, et al).
While the SPT is related to relative density, there has been much correlation done with the small dynamic cone penetrometer (Sowers Method) and in-place density. This should be done as a site-specific correlation due to the variable nature of soils, and really only works well in the upper 5 to 7 feet because of manual equipment handling.