Here is what I think based on what I read here:
https://www.isobudgets.com/how-to-report-uncertainty-in-measurement/"The good news is the rules for reporting uncertainty have become much clearer over the last 10 years; and, today, we are going to cover them all!"
It was a lot longer than 10 years ago last I even casually looked at this, so
MU should be expressed to two significant digits in the same units, but could be to a higher resolution, and not lower. Tolerance should be to the same resolution as the stated specification. So my OP should be:
High Power: 32dBm ± 1dB; Total Uncertainty: 0.50dB
Low Power: 12.0dBm ± 1.5dB; Total Uncertainty: 0.75dB
One of their examples for the Fluke meter seems to clarify my question, where they state:
0.0000000 (nominal value to 7 sig figures)
0.0000256 (measurement result to 7 sig figures, same resolution)
0.0000500 (tolerance is -0.0000000 to +0.0000500, 7 sig figures)
1.0E-5 (or 0.000010, two sig figures, at greater resolution than the tolerance, so I guess that means a MU of 1.0E-10 could still be valid)