Curious young Red Squirrel - “I see you...”

Yes...I find the higher both of these settings are in the camera the harder it is to remove the noise that is left plus there is more smearing with higher NR in the camera.  The sharpness setting adds some weird luminance artifacts that are hard to remove.  I see more in lower light and shadows that require more high frequency filtering to get rid of.  This also smears fine detail in post processing.  You may get even better results using -2 sharpness but I found you have to process every image to sharpen it a bit.  Minus 1 sharpness looks just about right with my FZ200.  You can use higher NR with this setting but fine detail starts to go away.  Images are pretty clean with NR set to zero and sharpness set to -1 but you will still get smearing in some images.  PP with NR set to -2 and sharpness -1 and after post processing you can get some nice clean detailed images.  In fact using Neat Image and the default 60% noise reduction cleans the images up pretty well.  I sometimes sharpen a little or add unsharpmask to taste.  Sharpening in neat image works quite well by the way.  If you still see some noise at 100% you can increase high frequency NR in neat image to completely eliminate it but lose a tad of fine detail.  No where near as bad as what is lost with the cameras NR.  keep in mind I am processing the jpg files not the raw files.

Ron