The DR200/400 modes do not boost midtones and shadows in the RAW file and in that sense they don't "work" in RAW. Nothing unique is done with the RAW file that can't be accomplished by simply setting the needed exposure with the camera remaining set to DR100. So there's no value for the RAW shooter.
That's an excellent statement. I confirmed it with darktable. For the link see my other post in this thread above.
As long as you don't blow out the highlights in the raw, no advantage to the raw shooter.
Talking about darktable, from what I understand, DR200/400 simply underexposed the RAW a stop or two, then basically applies what the "tone equalizer" does to convert to JPG?
That's problematic language to describe what happens. DR200/400 require that you raise the ISO above base. Raising the ISO causes the camera meter to recalculate a reduced exposure. That's the source of any underexposure. We raise ISO because we need to reduce exposure. Because the DR200/400 modes require a minimum raised ISO folks have gotten sloppy with the terminology and say they underexpose but that's not really accurate.
If for example you set the ISO to 640 with DR400 and meter a scene you'll get an exposure recommendation from the meter. Change the DR to DR100 and you'll get the very same exposure recommendation from the meter. How then given the same exposure for both DR100 and DR400 is the DR400 file underexposed but the DR100 file is not?
In that case you're correct, but if base ISO as the normal alternative (there is plenty of light for base ISO), you
don't get the same exposure recommendation from the meter. Relative to the DR100 RAW, the DR400 RAW
will indeed be underexposed by two stops.
When you switch to DR100 it becomes possible to drop the ISO below 640 and so you can then expose more. Some folks see the inverse of that as the DR modes force underexpose. But with the ISO set to say 1600 DR100 and DR400 both meter the same exposure so the DR modes don't really underexpose. It's a case of being clear about cause and effect because mixing those two up can sometimes lead to trouble.
Some folks here. I know we don't see eye to eye one this point, but if by choosing to use DR400 and ISO 640 when ISO 160 was appropriate at DR100, what happens? The result will
always be a RAW file that is, yes, underexposed 2 stops below the DR100/base ISO alternative. This may be a matter of perspective but, to my way of thinking, If you cannot use DR 400 in this way without causing a relative 2 stop underexposure, how can you say the DR modes don't, in certain situations, bring about genuine sensor underexposure?
Now, I'm OK with saying the DR modes
can sometimes cause underexposure because as you rightly pointed out, if you would have otherwise been at ISO 1600 anyway, the sensor exposure will indeed remain the same (and IMO, the DR modes would be more worthwhile)
The DR modes will, In both cases, produce RAW files that will be 2 stops
darker, and that might be the best and easiest to understand verbiage to use when attempting to explain what's going on. But, I think it should be made clear that when choosing to use a higher-ISO DR mode
instead of base ISO, that there are some real potential compromises to consider.
I don't want to start another long back and forth on this, just wanted to put out a differing viewpoint.