iwire, you show in your picture from the ground rod/water pipe to the ground terminal strip (one piece of wire). Then a seperate wire from the ground terminal strip to a bonding ring at the hub where the service enters the panel. Would you not bring the wire through the nipple up to the meter pan (is it not reqired)? I have always brought it up into the meter and landed it under the screw next to the neutral. Did I miss something, could you please explain. As for (Continuous) I think that the exception here may clear up some confuseion.

Thanks Bert