Originally posted by JohnBee I agree, but... in my own research(its been a long week), I've found that the D700 holds no visible advantage over the K-5 anywhere under ISO5000.
That depends on what you mean by visible...
We have compared D700 vs. K-x (
Falk Lumo: Lumolabs: Sensors of Nikon D700, D5000 and Pentax K-x ) and found a 3 dB SNR advantage for D700 18% gray at ISO 1600 (after demosaicing). BTW, DxO later found a 4 dB advantage (normalized iso) for this pair (before demosaicing).
In our above article, you find crops of noise wedges where you can
inspect the effect visually. It is not very noticeable due to 1600 still being excellent for both cameras. It is a bit more visible at 12800 although K-x applies NR which makes the numeric values equal (both our's and DxO's). Interestingly, the eye isn't fooled and sees the 1 stop difference more clearly than at ISO 1600 (the numeric value is for 18% anyway).
As for the K-5, it performs great and manages to maintain the low pixel noise of the K-x despite the higher pixel count (it's even 0.4 dB better at ISO 1600).
The K-5's pixel advantage corresponds to another 1.2 dB but this still isn't enough to beat the D700. It stays 2.9 dB or 1 stop ahead.
You don't easily see the difference at ISO 1600 because of the high overall quality. I assume it will be more visible at ISO 6400 where K-5 applies NR making the numbers equal but doesn't fool the eye. At ISO 12800, the D700 runs into problems because of read-out noise and the K-5 indeed achieves FF performance.