Have you tried comparing the images (shot at the same manual settings) after making whatever post processing adjustments required? Compared them with the Fuji ISO boosted one stop?
I don't know which one will look better, but that is the question.
I did a quick test when out on a shoot.
It isn't done under lab conditions, but it's real enough for me.
Here is an example - note that there was a difference in camera settings:
- D500 was set to ISO2000 - 1/2500s - f6.3
- X-T3 was set to ISO2000 - 1/2000s - f5.6
I removed all NR and sharpening in Capture One Pro - including output sharpening.
This isn't a test for sharpness, but noise is relevant.
D500
X-T3
The X-T3 still needs another 1/4 stop of exposure to match the D500 despite already having about 2/3 stop advantage in the shutter speed and aperture.
This is applicable for the centre of the frame.
The XF100-400 vignettes heavily at f5.6 @ 400mm so away from the centre it probably needs another 1/2 stop exposure to match the D500 image (shot with Nikon 200-500/f5.6).
In terms of noise I don't see much of a difference between the two.
Here is the X-T3 image with +0.2 exposure and full anti-vignette (Light Fall-off) applied in C1P:
I will let you judge for yourself if there is a noticeable difference in image quality.
There is certainly a difference in shutter speed and aperture.
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