In my experience, they are ('accurate') so I suspect there is something 'wrong' with what the OP reported, given that it is very unlikely that his whole installation PF could have been as low as ~0.7 and/or that his supply voltage was well under 200V.This whole discussion started because the OPs Owl was almost 50% higher treading than his smart meter and you are all saying they are accurate?
I'm not familiar with an OWL which as a 'remote display' (my system is 'web-based') but I suspect that, as with mine, there is a small time lag before data from the OWL appears on the display, and that may possibly be part of this explanation for what the OP observed.
I would suggest that, rather than looking at instantaneous power consumption, the OP should compare the OWL's figure for energy consumption (kWh) over a period of time with what his smart meter says for the same period.