Well, not necessarily. The basic definition of viscosity is very simple and tells you nothing of the rheology.
Viscosity is the ratio of sheer stress to sheer strain. For simple fluids, Newtonian fluids, this ratio is always constant. For other fluids it isn't.
Let me explain, for simple fluids like water, we can assume a Newtonian behaviour; the viscosity is a constant even as the shear rate changes.
Something like starch, the viscosity increases when you increase the shear rate (Dilatant) so you tend not to put too much energy in; the more energy you put in the thicker it gets.
On the other hand, something like toothpaste behaves like a solid, with no energy input, but as you put energy in the viscosity reduces significantly.
The more complex the molecules, the more complex the behaviour. With fluids like thick oils, easy, you can heat them and the viscosity drops and the behaviour changes to Newtoniain. Some fluids you can't heat, you just have to be careful how you impart energy.
Thing is, you have to know what the shear dependent behaviour is and know how much sheer you will put into the fluid to know the behaviour.
This means that with a fluid you describe as "like bondo" you can't use a cup measure anyway, it isn't suitable for non-Newtonian fluids. Something like a cone and plate meter will let you know what type of fluid you are dealing with and how viscosity varies with shear rate.
Your forumala depend on you knowing the viscosity at your operating conditions of temperature and shear rate.
I'd beg or borow that meter or get someone to run some tests on a sample for you.
JMW
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