Haha, yeah that's a always a helpful answer. I had the same experience from the "auto" button, I don't know what it did, just moved around every slider randomly. I suspect there might be more steps to getting it working correctly, I'll have to look it up I suppose.
It does actually equalize the exposure between photos fairly well, but the problem is that it also messes up the Contrast, Whites, Blacks settings of the image. Ideally you would just use 'Auto' to get the exposures equalized, and then set the rest of the settings back to 0. But you cannot edit (or sync) multiple image at the same time anymore with Auto exposure enabled.
To reproduce:
Open 20 RAW files in Camera RAW
Select all images
Click 'Auto' under the 'tint slider'
Observe that settings change on all images
Now with the images still selected, change any of the following settings (but *NOT* the Exposure slider!):
- Contrast
- Highlights
- Shadows
- Whites
- Blacks
You will see that only the settings on the first image (or sometimes first few images) are updated, the other images are not edited.
When you change the Exposure slider, the other settings are indeed updated (probably because the 'auto' mode is disabled).
We've looked into this any way possible, but there just doesn't seem to be any way around it.
Manually adjusting exposure like Bigben suggest is of course possible, but really mind-numbing work.