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I thought the argument was that it fails more gracefully in high dynamic range saturating situations?

It depends how you interpret it. There is some dynamic range compression on over-exposure which can save you if you blow something out. If you underexpose Kodachrome you are screwed.

I prefer the crutch of 12 bit RAW and Lightroom which usually gets me out of the same sticky situation :)

> If you underexpose Kodachrome you are screwed.

Quite the opposite. Reversal ("slide", "chrome") films like Kodachrome are more forgiving of underexposure, while negative films are more forgiving of overexposure.

Back in the heyday of chromes, it was common to slightly underexpose them to get more color saturation.

Good point - got my point the wrong way round.

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