Anders W
Forum Pro
I think you pretty much took the words out of my mouth here. This is just about what I would have said if I had tried to develop to the point without awaiting Lars's response.As for latitude in dealing with contrasty light, well this is much more important to me. There's no doubt that you must be more careful with exposure as you can only get away with a slight (around 1/3 to 1/2 EV on average can be pulled back in RAW) overexposure if you want to preserve sky detail for instance. But on the other hand, I find no significant image degradation pulling shadows up by 2 stops which is generally enough for a balanced exposure -in other words, in the majority of shots, I can get the required result even without using ND filters etc. In a situation with extreme contrasts such as midday sun and hard shadows in a warmer climate than Scotland, even a D700 struggles but we're always told not to take photos in these conditions anyway unless you want to actually bring out the contrasts.IMO a good DSLR such as the D700 or even my D300 is still superior to the GH2 in other ways: such as fast action, contrasty light, off-camera flash photography. I wouldn't dismiss them as being only good for "black cats in coal mine" photos. I'm shooting an outdoor portrait for a family this weekend and I'll be using my D300 because its raw files have so much more latitude for dealing with contrasty light.
It appears to be the case that the GH2 (and perhaps other Panasonic cameras too) leaves less headroom in RAW for pulling back highlights than is usually the case. But as long as you are aware of it, this is not much of a problem, in my opinion, particularly since you have the histogram in the VF to help you out. You just have to be a bit more conservative with respect to exposure, and if I understand the DPR review of the GH2 correctly, the camera actually helps you along in that direction.
Pulling shadows up after having underexposed a bit to save the highlights is something I do more or less on a routine basis. But doing this by one to two stops at base ISO is not much of a problem even on my current Pentax K100D, which has about one stop less worth of DR than the GH2. And if I am not already at base ISO when I note that I am clipping the highlights, I would of course reduce the ISO rather than the exposure.
When it's more than a couple of stops, I usually let go of the shadows or the highlights (if the picture is at all worth rescuing) albeit not on account of excessive shadow noise. Rather, I do it because the original "mood" of the scene is otherwise lost and the entire picture turns into something I did not really set out to capture. I should add here that HDR is quite OK with me as a form of art, but then you are into "expressionism" more than "impressionism", and you surely want multiple exposures rather than a single one if you really want to do it well.