We show that reformulating the Direct State Tomography (DST) protocol in terms of projections into a set of non-orthogonal bases one can perform an accuracy analysis of DST in a similar way as in the standard projection-based reconstruction schemes. i.e. in terms of the Hilbert-Schmidt distance between estimated and true states. This allows us to determine the estimation error for any measurement strength, including the weak measurement case, and to obtain an explicit analytic form for the average minimum square errors.