there is much more in it. i thought i would give it a try, so here is my attempt on your raw-file. converted and processed with ACR
your jpeg processed:
RAW:
look how much more detail can be brought back from the hightlights. of course one or more color-channels can be clipped, but there is still some data to play with.
your jpeg processed:
RAW:
look how much more detail can be brought back from the hightlights. of course one or more color-channels can be clipped, but there is still some data to play with.