This Medium Format forum has had a lot of discussion (and disagreement) on the value of higher bit-depth on Medium Format Cameras. To help clarify the issue, I asked a digital imaging expert: Tim Grey. He posted his answer in his Digital Darkroom Questions (DDQ) e-mail today.
Conclusion: There is a difference with higher bit-depth Medium Format Digital Backs, but it tends to be very subtle, and digital 35mm SLRs continue to improve and narrow the gap
Here is the full text of his answer from the July 1 DDQ:
Images from a medium format digital back do indeed have the potential for greater dynamic range in the print. Of course, that potential isn't always realized, but in terms of the information captured, in a general sense medium format digital will still exceed the capabilities of digital SLR cameras to some extent.
The bit-depth is certainly a contributing factor, but just because you have higher bit-depth doesn't mean you necessarily have greater dynamic range. For example, you could theoretically use the imaging sensor from a very old digital camera that wasn't able to capture any real dynamic range (think in terms of a really old mobile phone camera) and update the analog-to-digital (A/D) converter to create a 16-bit per channel file from that image. You now have high-bit data (sort of), but it is based on information captured from the sensor that is lacking significantly. The point here is that the bit-depth is really more about the size of the container for the image data, and isn't necessarily indicative of the data you are actually capturing. Dynamic range is the measure of the difference between the brightest and darkest values that can be recorded.
In order to understand the nature of the data you're capturing, you need to look at the imaging sensor itself, not just the way the data captured by the sensor is being converted. There are a variety of factors that affect dynamic range in an imaging sensor, but one of the specifications you can look at to get a sense of the relative dynamic range capabilities of an imaging sensor are is the size of the individual pixels on the imaging sensor (the pixel pitch), which is measured in microns. Larger photodetectors on the imaging sensor are capable of capturing more electrical charge (which is how the light it "sees" is recorded), and thus are able to capture a broader range between "empty" (minimum value) and "full" (maximum value). That translates into greater dynamic range (generally speaking), so in general larger photodiodes are a good thing (from the perspective of dynamic range and noise anyway), within reason of course. And of course for a given sensor size (physical dimensions) as you increase resolution you reduce the size of the individual photodetectors, so this is always something the camera manufacturers (and imaging sensor manufacturers) have to contend with.
To give you a sense of the potential of medium format imaging sensors, it can be helpful to consider the relative size of the photodetectors in real terms. One of the top professional digital SLR cameras is the Canon EOS 1Ds Mark III, which offers 21.1 megapixels and has a pixel pitch of 6.4 microns. The PhaseOne P25+ digital bak, which offers an effective resolution of 22 megapixels, has a pixel pitch of 9 microns. While these are both incredibly small sizes, as you can see the medium format digital back has much larger photodetectors in relative terms. At the lower end, a typical point-and-shoot digital camera with 7.1 megapixels has a pixel pitch of about 1.9 microns.
Of course, when it comes to the print there are other limitations. You can have all the bit-depth and dynamic range in the world, and if you're printer can't reproduce all those values the data isn't really worth much in the context of that print. So, while a medium format digital back is most certainly going to give you more information in your digital captures, today's printers aren't really capable of reproducing that information to the extent that it makes a significant difference in the final print. There is a difference, but it tends to be very subtle, and digital SLRs continue to improve and narrow the gap. There's no question there are inherent benefits to the imaging sensor used in a medium format digital back, but technology is developing to the point that the benefit is relatively modest, especially when viewed in context of the pace of change in digital photography over the last ten years.
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Note: there are other threads that touch on this topic, but they started to meander and were not as specific. This topic deals just with bit-depth. Here are links to the other topics:
RAW files: 1Ds3 and Phase P30+
Medium Format vs 35mm - Just More Pixels?
Can Stitching 1DsMk3 files = Med Format Quality
