1) How does the image quality compare across the ISO range? Is the difference enough to warrant not going for the more pocketable model. Form factor is not a primary consideration but if the difference is marginal then I may consider the more pocketable option.
Both have "fast" lenses that will tend to keep you out of very-high ISO settings to a great extent. Both seem to have the capability to produce rather equivalent image quality. But, in "normal use," I've got to say that I have always been "flipping cartwheels down the street" happy with the G1X Mark II's image quality. The G7X, well, "not so much." Mainly, we are having some issues with just about any "automated" modes, like me with "P" mode -- where, indoors, it was very clear that it would use the fastest aperture, f/1.8, and produce pictures that really weren't in proper focus all around the frame. Here's an example:
G1X Mark II
G7X
Mainly, look at the propeller -- or actually "the nose of it" in the G7X shot, where it simply isn't in proper focus. Yes, sure, I know, "do some photography" and stop the lens down, but on the other hand, the G1X Mark II can snap off perfect shot after perfect shot, all day long.
Oh, and by the way, I'm talking about things that are a bit subtle when it comes to viewing at the small sizes here in the forum -- by all means, if you're considering spending this kind of money, download my 1920 x 1200 original files, and compare them on your computer with the viewer of your choice.
Then, I tried another pair of comparison shots, where I didn't do anything other than crop and resize the shots to get something approaching a "straight out of the camera" comparison:
G1X Mark II
G7X
The main issue here is "sharpness." I always thought that the G1X Mark II had quite a bit less in-camera sharpening than a lot of other cameras I've used, so over time I wound up turning up the sharpness in-camera as high as it would go, and I'm satisfied with it. When people were moaning about the G7X having a lack of sharpness, I just started there to begin with. Usually, I apply a small amount of unsharp mask after resizing, to optimize sharpness in my post-processing, but I didn't touch these in that way.
As you can see, the G7X shot is absolutely MASSIVELY less sharp than the G1X Mark II shot -- I've had to change my normal routine, and more than double the amount of sharpening I'm doing in post-processing.
The G7X shot also has a noticeable "reddishness" to it, while I've found in other times (outdoors), it often showed a bit of "bluishness" to it. And, the G1X Mark II shot seems to have a better contrast to it, something else I've been noticing.
So, "I have had issues" with the G7X image quality. In the end, I think it can produce fine results, but you will probably have to "work around the lens" and how the G7X uses it in some automated modes. And I'm just talking about "P" mode, not "full auto" mode. Then, we have another thread in here about how, in Aperture Priority mode, the camera chooses much faster shutter speeds than it does, say, in "P" mode -- so you just might need to go to full manual mode to truly get the results you want.
Meanwhile, I have been able to keep the G1X Mark II in "P" mode for most "normal shooting," and it just delivers consistent, excellent results, with no issues I can pick out, whatsoever.
2) Which has better handling and operational speed(focus lock on, shot to shot time, write times shooting RAW etc)
In the low-light shooting I was doing in the above shots, the G7X was clearly the faster-performing camera. Ignore what the DPReview preview has been saying, as the G7X is a very enjoyable, quick-shooting camera. It locked focus a bit faster than the G1X Mark II in these conditions, and, since I use bracketing almost all the time, the G7X is MUCH faster to shoot shot-to-shot-to-shot with bracketing. Also, the G7X's zoom lever was MUCH better to use -- it moves smoothly across the range, and you can just move right to the framing you want, while the G1X Mark II tended to "jump away" from one point to another -- it took a lot more work to get to the exact point I wanted to frame the shot with.
3) Which has the better lens overall taking into consideration sharpness, aberattions, vignetting, softness etc
Absolutely no doubt about it, the G1X Mark II's lens is absolutely excellent, while the G7X's lens appears to be a massive, massive compromise. I have both cameras, so I can use the G1X Mark II for "serious" shooting, and pop the G7X into my pocket when I just want to have a camera at hand when I'm "wandering around." But if you're buying an expensive camera for the best image quality you can get, the G1X Mark II utterly slays the G7X. I definitely have seen some chromatic aberration in the G7X shots that I definitely don't see in the G1X Mark II shots, and so on.
Also if there is anything else that is worth mentioning that is of importance then please state it.
The G7X is a very enjoyable camera to shoot with, and you can get some good results with it. If you are prepared to "do more manual photography" and to do more work in post-processing, I think you can get entirely good results with it. But the G1X Mark II can do better even if you just keep it in "P" mode or Aperture Priority mode and let it do all of the work for you -- and you won't need to do any "historic" work in post-processing to get excellent results.
In the end, you kind of "pay a price" for the G7X's "faster" lens, and the camera's automated modes can make choices that won't necessarily get the best results for you. And man, it just doesn't sharpen the results anywhere near how other cameras will. While the G1X Mark II is bigger, heavier, and a bit slower and plodding in comparison, the image quality is just plain wonderful -- the results you can easily get can speak for themselves. Here are some of my favorites:
I hope this helps -- good luck!
Tom Hoots
http://www.pbase.com/thoots
http://www.dpreview.com/galleries/4330317199/albums