We model soil-plant-farmer-atmosphere interactions at daily resolution but great variance in precipitation intensity is observable at hourly resolution - especially at warm temps (convective precip. / thunderstorms) - see Haerter & P. Berg Nature Geoscience 2, 372 - 373 (2009)
For example, If conductivity is 24 cm/day then it is 1 cm/hour - So if 10 cm of rain fall in one hour - (which is not uncommon during German summers) - 9 cm will likely be runoff - but at daily resolution in a naive model, the 10 cm are distributed throughout the day and all of it infiltrates the soil.
Though it seems one should always avoid tampering with weather data, I propose "removing" some precipitation, considering it automatic runoff based on slope, conductivity and other explanatory weather variables. Suggestions, ideas?