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This is what I was most curious about - the claims of a "Penalty Free" ISO adjustment. Seems like there is still a "sweet spot" (read: mandatory) ISO range to constrain yourself to as you start introducing all sorts of weird shifts at the lower end of the ISO spectrum. Looks like I wont be shooting 50 ISO in the daytime.
Thanks for these, Christopher and Phil - very informative!
"Penalty Free" is an interesting term. One I was a bit thrown off by first. However, what Red's stating in the specifications is "cinema ready ISO 200-2000" performance. Obviously within a proper exposure range. The one image that sort of shows exactly what that's all about is the T22 ISO 200 sample where color information is retained in broad daylight without any distortion or clipping. The sky is the easy place to spot how that's working, however, if you look at the sidewalk and pretty much everywhere you can see what that actually means.
To me it means essentially a workable latitude and clean image at ISO 200-2000. That's pretty much what we see here.