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But for a non-tweaked process, I really expected the camera to do a similarly good job

Oh really? Considering this...?

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How long does it take to process one photo?
Slightly variable, but I just now timed one at 36 seconds



The camera has a rather large custom chip to do RAW -> JPG conversions, which is where the speed comes from. But they don't seem to have configured it with optimal curves and other parameters I guess.

Cheers