In Chris Niccolls' review of the Fujifilm X-H2S, he mentioned that in most cameras there is a slight loss in dynamic range using an e-shutter over a mechanical shutter.
Two questions:
1. Why is that?
2. Does the OM-1 exhibit this too? I hadn't heard it mentioned.
This was an issue with some Panasonic cameras. Normally, MFT cameras capture 12 bit raw files. However, it was discovered that on some Panasonic bodies, when using the e-shutter it changed to 10-bit. The reduction from 12 bit to 10 bit reduces the dynamic range. The probable reason is to increase the readout speed from the sensor. Many sensors have a slow readout speed. This becomes an issue when using the fully electronic shutter as this creates rolling shutter issues. So perhaps dropping to a lower bit-depth it is possible to increase the readout speed and reduce the rolling shutter effect. Essentially a trade off.
This is likely the same issue going on with the Fuji camera - it is likely using a lower bit depth when using e-shutter to increase the sensor readout speed. Can't be certain though without more information.
Chris