Hi Borek,
The EPR gauge, yes, as you say it it the engine pressure ratio, it shows the overall pressure ratio. BUT the gauges are measuring different things, at different locations in an internal combustion and a jet engine, but ending up with the same result.
Whereas an internal combustion engine would have a manifold pressure gauge measuring at the inlet manifold, as in the Ju88 you mention, this would be measurring the pressure of the mixture coming from the turbo-charger and fuel injection, before it enters the engine. It would be linked automatically to the fuel injection (which could be also manually altered by the pilot and throttle) and the turbo-charging system (which has a pressure regulated waste gate). There may also be an EGT (exhaust gas temp) gauge for fuel mixture and pressure regulation.
On the jet engine, as in the Ar234, the EPR is measured at the exhaust, and in the later models of the BMW 004 it would automatically adjust or the pilot could make manual adjustments to the 'zwiebel' (onion) in the eflux/exhaust area and throttle, to keep the back-pressure and therefore the overall ratio within limits. They also had an engine temp gauge which measured the combustion chamber temps.
I think to get it to work properly would be very hard as you would have provide inter-correlating performance graphs for the throttle, EPR, air temp, altitude/air pressure...would be brilliant but....
(engineers are damn clever people!!)
Cheers
Shessi