David Mullen ASC
Moderator
With those factors considered, I expect that FF35 will have only a 1/3-stop loss in control over DOF at the deep end (for a given image quality / noise level), and not the 1.3 stops that one would get with film (due to non-linear response preventing underexposure).
A digital sensor does not break the classic rules regarding depth of field; being able to underexpose is only a workaround solution to compensate for the inherent difference in depth of field due to the size of the sensor, focal length chosen to match field of view, distance focused, f-stop, and Circle of Confusion figure used.
Besides, we're comparing the depth of field difference between the S35 sensor of the RED versus the FF35 sensor of the EPIC, so film's response to light is not a factor. That difference will be, practically speaking, about 1.5 stops once you match f-stop, field of view, and distance focused. You may be able to compensate by rating the larger sensor faster and thus stop down the lens, but that doesn't mean that the true depth of field difference is less than 1.5 stops, just that there may be solutions to work around that.
1/3 of a stop falls within a margin of error in exposing, so you could practically say that a 1/3 difference is ignorable, which means that a 36mm wide sensor and a 24mm wide sensor have no real difference in depth of field characteristics? That is not logical.
Let's just be honest about the differences and find solutions to deal with it, rather than tell ourselves that it's not really an issue.