The 503 has the exact same thing the 553 has, yes.
Sandro,
The ready light in the viewfinder not only lights up constantly when the flash is ready, but it flickers too for a few seconds after the exposure to signal that the flash output was sufficient to get proper exposure. If it doesn't you need to open up the aperture.
So you do not have to keep an eye on the flash unit.
Sandro,
The ready light in the viewfinder not only lights up constantly when the flash is ready, but it flickers too for a few seconds after the exposure to signal that the flash output was sufficient to get proper exposure. If it doesn't you need to open up the aperture.
So you do not have to keep an eye on the flash unit.