I have 3 point and shoot Canon's for which I use CHDK
I used the raw shooting capability to shoot CRW format images. These 
require processing with DNG2PS or similar to import the EXIF data from the 
matching JPEG and convert them into a usable DNG format.
I've learned by reading this thread that DNG file in-camera might be a 
better approach, which I'll try.
Raw is better for image data BUT loses the camera's internal automatic 
chromatic aberration and geometric distortion correction. This results in 
poor images thanks to the optics of a typical P&S. ELPH/IXUS and S3IS both 
had lots of optical issues visible in the RAW files.
You can address this in Photoshop CS>5 by creating a camera profile using 
Adobe Lens Profile Creator (ALPC) and shooting calibration images in raw 
mode using CHDK. This is surprisingly time consuming AND due to the reduced 
sensor quality ALPC rejected about half of the images I shot, requiring a 
re-shoot (and conversion) and eventually generated partial profiles which I 
had to manually edit into a single complete profile by hand (due to a bug 
in ALPC).
CameraRaw + ALPC lens profiles have a better lens correction result than 
in-camera so you can have your cake and eat it (after a large amount of 
work). The resulting profile is customised to that unique camera, so you'll 
get more accurate optical corrections than any lens profile downloaded from 
the internet or in-camera profiles can achieve.
CHDK has proved valuable for shooting stereo (3D) images (with 2 identical 
cameras). There are CHDK variants especially for this purpose.
CHDK motion triggers are great.
Most software that runs when you insert an SD card into your computer will 
copy all of the CHDK files off of your card which is annoying. Even more so 
if it deletes them from the card automatically after completing the 
download!
I recommend reading the above and weighing the benefits before you decide 
to try it.

Richard

I also use Magic Lantern on my 5D Mk2 which is even more powerful and much 
more user-friendly than CHDK. It has none of the above drawbacks of CHDK.

On Wednesday, 16 January 2013 06:04:59 UTC+10, Erik Krause wrote:
>
> Am 15.01.2013 10:21, schrieb paul womack: 
> > It's probably worth pointing out that due to the limited nature of 
> > most P&S digital to analogue converter that the RAW files 
>
> You most likely mean analog to digital converter. 
>
> > so generated are not quite as manipulable as the RAW 
> > file from a recent vintage DSLR. 
> > 
> > For the vast majority of purposes, it's better, even on a CHDK equipped 
> > P&S, to stay with JPEG. 
>
> This might be true, especially since raw takes far longer to process. 
> However, raw is beneficial not only for dynamic range and white balance 
> adjustment (where your concern applies) but also for CA removal, which 
> is far better on raw data than on jpegs. 
>
> -- 
> Erik Krause 
> http://www.erik-krause.de 
>

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