Assuming that el cuatro has an AFE - yep.I'll have to remember when I get another Sigma that I should overexpose a little, when I shoot at high ISO settings . . . unless it's a Quattro, huh?
On ISO-less cameras, you can also leave it at your favorite ISO and under-expose. Makes no difference to the raw data itself, only to how SPP shows the review image.
In other words, in SPP, for a high-ISO 'overexposed' shot, you'd "pull back" those apparently blown highlights or, for a low-ISO 'underexposed' shot, you would "push" those overly-dark shadows