It's highly debated whether or not Mankar Camoran was actually contemporary with Tiber Septim or if Tar-Meena was just a bad scholar. Probably the latter since it took her days to figure out how to read the first letter of every paragraph of the four volumes. http://www.uesp.net/wiki/Oblivion:The_Refugees points to Mankar being the son of the Camoran Usurper, who started his invasion in 3E 249, over 200 years after the death of Tiber Septim and 200 years before the events of Oblivion.
I believe Tar-Meena is the only one to ever claim that Mankar Camoran was contemporary with Tiber.
That book is the only thing that claims he is not contemporary with Tiber, so again, you have one person - the author - saying otherwise. However, I think it is more a case of Bethesda being sloppy and not having an editor more then anything else. No one at Bethesda ever bothers to look at the lore books they write and make sure they are consistent. Not even in the same game, let alone across games. The Refugees is a great example, as it leads us to believe that an Altmer baby is born from a Bosmer mother (and presumably a Bosmer father, as I have not seen anything saying Camoran Usurper was an Altmer). So as with so many other parts of their lore, you have to choose what you want to ignore. I choose to go with Tar-Meena.