I take it you don't shoot much RAW or know the meaning of "shoot to the right", or appreciate being able to change the native WB and color settings of your picture.I've found I can make as many adjustments and to the same degree
with JPEG High as I can with Raw.
Don't get me wrong, I think jpeg is a good compromise, but a compromise anyway. RAW is uncompromised, full-potential data. Even more than uncompressed, 16-bit TIFF. Jpeg can get very high quality, but I would only treat it as a final image format, ready to send to print or web.