The accumulation of dust and other environmental contaminants on PV modules, also known as PV module soiling, is a significant source of lost potential power generation for PV installations. Designers and operators of utility-scale solar power plants are increasingly seeking methods to quantify soiling-related losses, in order to improve performance modeling and verification or to optimize washing schedules. Recently, soiling measurement equipment has been introduced based on the measurement of two co-planar PV modules, one of which is regularly cleaned, and the other of which naturally accumulates environmental contaminants. These measurements are used to determine a soiling ratio (SR), which may be applied as a derate factor in analysis of the PV system performance. In this work, we examine the difference between a soiling ratio metric calculated from measured temperature-corrected short-circuit current values (SRIsc), which represents the fraction of irradiance reaching the soiled modules, versus a soiling ratio calculated from measured temperature-corrected PV module maximum power values (SRPmax), which represents the fraction of power produced by the soiled modules compared to clean modules. We examine both techniques for CdTe and c-Si module technologies. This study is motivated by the fact that variations in module efficiency versus irradiance, as well as any non-uniformity of soiling, may introduce differences between the power losses estimated from short-circuit current values versus actual soiling-induced power losses. For CdTe, the SRIsc method is found to be a good proxy for the SRPmax method for non-uniform soiling levels up to 11%.