Jim
I don't fully agree with you (but you are right on manly things)
Ok, just to introduce, I am working since a while on a company which manufacture expensive CCD and CMOS large sensors (also infrared sensors) and cameras for scientific applications (astronomy, physics, spectroscopy, xrays, biology...)
CMOS is not only Sony.
We have designed and made last 2 years a sCMOS which has real 17 bits dynamic range with 1 e- readout noise and 130,000 e- full well capacity. CCD even better with 2 e- readout noise and more than 300,000 e- FWC. Cameras with 18 bits ADC are available. Cameras have more than 100dB dynamic range.
Photon shot noise is not an issue and is not taken when calculating the Signal to noise ratio (dynamic range) as it is the FWC/RN. For me it is in practice a bit worse as I consider the way to see small levels against non saturated high levels. So I consider the minimum as a S/N of 3 to 5x to be able to see low light without saturating highlights.
Anyway... for consumer like 4/3, APS-C, full frame, MF formats, lot of sensors are made by Sony (or camera manufacturers like Canon, or in the past Nikon with some sensors developed by them but manufactured at TowerJazz foundry (or equivalent) for high end DSLR. Fuji for some sensors as well as sigma for Foveon ones (I forget some...)
12, 14, 16 bits... that's right 16 bits on DSLR (hybrid) is something useless and totally marketing matter as it is impossible on Sony CMOS to get the maximum full well capacity with the minimum readout noise. So you can get for exemple 60 ke- with 4 e- RN which should give you 14 bits maximum where the 1 e- RN is only achieved if you have something like 15 ke- which is also 14 bits theorical DR.
I worked with low dynamic range cameras in the past, also with Sony A7S with 11 bits compressed RAW or lot of 14 bits cameras.
Consumer market is different than scientific market. Volume, prices, innovations (color rendition, AF, ergonomics...) are key features against competition.
Ok, I am astronomer and also photograph (I switched from different manufacturers like Nikon, canon, Sony, Panasonic Lumix, now Fuji) and I always tested sensor capabilities.
Now, as I am less in the art photography area, I decided to sell my Lumix S1R + optics to get a GFX100RF as I already know the Sony sensor in my astronomy cooled camera. Are 16 bits a key changer ? no (I am right now doing some tests on 14 vs 16 bits of same images taken in same conditions but result will be close (vey close).
I will say 16 bits is fine because you fully fill the 2 bytes in a file :-D
I know very well the Sony IMX461 (the one inside GFX100 (also RF) and its capabilities in astronomy in monochrome version (I am just not enthusiastic on real hardware binning 2x2 as it is only a half binning (called in reality Charge Domain Binning as it is not like CCDs). Anyway, future multiple binning technology on CMOS is in development right now)