These extra ISO positions only really mean anything to people who use ex-camera JPEGs , if you use a raw workflow, you can use the D800 at the same exposures as would be given by the 5DIII's high ISO settings - they are only the result of in-camera 'pushing' in the 5DIII in any place.
You say that as though you are sure that it is correct. You may well be (I certainly don't know), but why are you so sure? What do you know (about this) that I don't?
You can tell whether ISO settings are the result of analogue gain or digital pushing by the shape of the read noise curve against ISO
D800
5DIII
Other people (Marianne Oelund and Bill Claff) have measured these with more precision, but for everyday use these will do. The result of increasing analog gain is to reduce the read noise measured as here in electrons. As you can see, the D800 doesn't do very much change of analog gain at all (Marianne and Bill's more accurate figures show that it does a little, but not much). The 5DIII stops applying analogue gain above 3200 ISO, thereafter the ISO settings are a digital push. You can do the digital push yourself in processing just as well, if not better, than it is done in the camera. The advantage of leaving the ISO lower and doing the digital push in processing is that you keep more highlight space, which since low light photos often have light sources in shot, can be a big advantage.
In any case I work with RAW and have taken photos with the 5D3 at both 51200 and 102400 and then used several tools for post. I have found that it is possible to reduce the noise enough to make some of the photos usable. The same may very well be possible at 25600 by adjusting the EV values and, if I still had the 5D3, I would try that.
If you're in the mood for trying, then try leaving it set at 3200 and applying the push from there. For that large a push, you need to apply it to a linear converted file, before gamma correction, the apply gamma to the pushed file.
In any case you may well be right. With the 5D3 you can set the camera to auto ISO and expect that the camera will adjust the ISO values up to 25600 to compensate for shutter speed and light. Can you make the same adjustment with the D800 up to 25600? If so, and if what you right is correct, then there essentially should not be any difference in general use between the two cameras at high ISO values. That would give me more flexibility as I decide on what camera (and camera line) to get.
If you're talking auto ISO, the D800 has three important advantages over the 5DIII.
- The 5DIII limits the minimum shutter speed to 1/250 second, which was just a brain dead decision by the designers. The D800's limit is 1/4000 sec, much more flexible.
- If you set the minimum shutter speed to 'Auto' the D800 lets you choose the FL multiplier it uses to select the shutter speed, unfortunately only in whole stop increments, but for instance it does allow you to choose 2x FL, which is OK if you err on the side of safety. The 5DIII is fixed at 1x.
- The D800 allows EC adjustment in M mode with auto ISO, the 5DIII doesn't, so you can't bias the ISO choice to your own preference (not that you have so much need to with the D800).
The D800's options allow an interesting setup for me which is to set the camera to A mode, set the minimum shutter speed to auto 2x (taking into account the preference for little camera shake on the D800) and the max ISO to, say 800. That becomes essentially a set and forget setting for most everyday photography, I just set the f-number for DOF and the camera takes the rest of the decisions pretty much as I would have taken them, which is what I want.