Thanks for the answers.

I do understand the differences of PTGui vs Hugin and PanoTools. I 
deliberately decided to ask the question here, because I've seen that here 
there are the people who "understand the maths".

What I'm asking for is a part of my much larger calibration project, where 
using the calibration in PTGui is only one of the steps. I do know about 
other calibration options, and this is not about that.

To state it in short, I really need to understand how the projection and 
backprojection of the rays work in Panotools/Hugin/PTGui fish/lens 
correction model. Not the calibration, not the exact piece of software. The 
model.

Hope one of the developers would come across the message and share the 
knowledge :)

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