There is a reason that smaller sensors shooters tend to shoot at low(est) ISO, right?
Cheers,
Henry
There is a reason why people should learn how to use a camera, ISO should be the last possible adjustment you use if there is no other option due to the way it degrades image quality. It should be:
1) Buy a faster lens that is sharp wide open
2) adjust aperture and exposure values
3) IF you still cannot get your shot on an extremely rare occasion that you've got your lenses in the range of F/0.95 to F/2.8 for then think adjusting your ISO, but not until.
Let the lens do its job and not the camera body. It's way to often that I see people on DPreview with their ISO blasted way high when it was simply not necessary to achieve the shot that was taken.
This is simply poor camera skills particularly on Micro Four Thirds for two reasons
1) You have a fairly wide depth of field anyway so you don't need to stop down as much
2) You don't have the ISO headroom anyway...
As I said, if you want better camera skills, learn to shoot with a compact and then come back to this debate. There should almost never be a need to have your ISO above 3200 let alone some of the ridiculous shots where you see people out at ISO64000. If you know how to make the most out of your lenses, you simply wont need more than the ISO range that Micro Four Thirds has anyway.
Ok, let me walk you through this.
You are shooting e.g. f/2.0 at ISO 400 on the m43.
In FF equivalency, this is f/4.0 at ISO 1600. A fairly mid level value for both aperture and ISO. You have 4 stops down to f/1.4 (
4.0, 2.8, 2.0, 1.4) and 5 ISO stops (
1600, 800, 400, 200, 100).
Going the other way, to f/16 you have 5 stops (
4.0, 5.6, 8.0, 11.0, 16.0) and to ISO 12800 you have 4 stops (
1600, 3200, 6400, 12800).
So, you f/2.0 and ISO 400 is a fairly flexible spot, in equivalency, for an FF shooter.
Now, on m43, you have one stop down
(2.0, 1.4) and 3 stops in ISO (
400, 200, 100). Going up you have 5 stops (
2.0, 2.8, 4.0, 5.6, 8.0) and in ISO you have 3 stops (
400, 800, 1600), four if you push to
3200.
(I know, there is also f/22, and f/11 - I ignore those).
So, FF: -4, -5 to +5, +4 versus m43: -2, -3, +5, +4
So, both have the same 'up-scale', but the FF down-scale is much longer. See that? It looks to me that FF has a broader range. I can go up and down. In m43, I can only go up - no wonder you guys talk going down, well, down

Blame it on shallow DOF. What about the low ISO? It is there too - see that?
Or FF covers the m43 range, but not the other way around.
If you want to shoot ISO-less, as you are describing, you need a sensor with a fairly broad ISO range. Looks to me that a larger sensor would be preferred - I have more workable ISO stops.
1) You have a fairly wide depth of field anyway so you don't need to stop down as much
Which is of course because, in FF equivalent terms, you are already stopped down that much. So, what is wrong with the FF shooter stopping down to equivalent values? That his sensor is less efficient, and his noise floor comes up? The FF shooter knows what noise he can tolerate, so he will balance that his way.
2) You don't have the ISO headroom anyway...
Not in m43 terms. Usable noise levels, per DxO are ISO 800 for E-M1 and ISO 2200 for A7. So, in our example above, the m43 only gets ISO 400 and ISO 800, whereas the A7 only gets ISO 1600 and ISO 2200 (ok, 3200 when we push). Looks to me that the headroom is the same.
But - the m43 then only has ISO 100, 200, 400, and 800. The A7 then has ISO 100, 200, 400, 800, 1600, 3200. That is 50% more - big difference, imho.
Anyways, this is getting off topic, but I have heard the arguments a lot that ISO 100 is best, and IBIS is your friend. So, lower ISO and lengthen exposure - at least for m43 sensors. For FF sensors, I rarely hear this. IS is often ignored, as shutter speeds can be kept high, and ISO 1600 is so noise free that no one thinks too much about ISO - it is about the exposure parameters first, as you suggested in the beginning of your post.
So, I have several sharp f/1.4 and f/1.8 FF lenses. Would I need faster? I think I have most covered.
Back to my example - a smaller sensor shooter, by necessity, prefers lower ISO. Fair, you have more DOF, which is great. But a larger sensor shooter matches exposure and FL/aperture to his liking. Then ISO falls out. He will shoot at whatever ISO is required. But isn't that your claim? Yes, but it applies to the larger format shooter - see that?
Anyways, we are getting off topic - my point, which you highlighted, is now explained, I guess.