Originally posted by RockvilleBob For years I've been shooting in RAW but using the default sRGB.
Just to clarify a point, if you shoot in RAW, the camera ignores any color spaces settings and just captures everything. It also ignores any settings for saturation, or contrast, or sharpness, etc... everything in that image menu applies to jpegs only, though it will affect the jpeg preview image that you see on your camera's LCD. But yeah, when you work in Photoshop or any other application, use the largest color space available to you,
until it's time to export.
Now a couple words on exporting. if you send your work out to a photo lab, yes, you should definitely try to get an ICC profile from them for soft proofing. In your soft proofing, you will get a choice of rendering intents. There are two main ones that photographers use, perceptual and relative colorimetric. Perceptual takes the entire larger color space and "resizes" it to fit in the smaller color space, this preserves the relationships between colors, and reduces banding, but can sometimes lead to "flat" looking colors. Relative Colorimetric takes any colors that are out-of-gamut in the smaller color space, and squishes them in to the nearest color that is in-gamut. For many images relative colorimetric is fine, and it will keep your colors looking "crisp", but there is the risk of banding, so watch your gradients. Basically I recommend trying both menu options, perceptual and relative colorimetric, and see which one works best for your particular image. If your lab doesn't offer ICC profiles, I would suggest finding a new lab, but if you're really devoted to a lab that doesn't offer them, there are companies out there that will generate a profile for you, it's expensive though. You can also do it yourself if you have certain Xrite or Datacolor spectrophotometers, but it's likely that if you own something like that either a) you're doing your own printing, or b) sending your stuff to a pro lab that is even more obsessive about color than you are.
You also want to soft proof when exporting images to the web. Most web browsers are not ICC aware, which means they will ignore any color profiles that you embed in your images. The result is if you prepare a great image of the kids at Christmas to send to Grandma, and export it to the web as a ProPhoto 16-bit Tiff, the colors will look very muddy when she goes to view them with her non-aware web browser. sRGB is the lowest common denominator of color spaces, meaning that it's akin to having no ICC profile, SO when preparing images for the web, you should always assume your viewer's computer is "color blind" and soft proof with sRGB, make any adjustments you need on a layer, and then export to sRGB.
One more word of caution: Photoshop has a menu item called "Save for Web and Device...", it does a bunch of things for you like flatten your image to a single layer, change it to 8-bit, and change the color space to something more universal (a lot of times it will give you a warning by the way that your files is too large, and that you may experience slow processing time, you can ignore this), if you use this feature, be sure you're looking at the "Optimized" tab, and check the "convert to sRGB" box. BUT, you don't get a choice of rendering intent with the Save for Web and Device option (at least in my ancient version of Photoshop CS4), so you may prefer to do it manually. ALSO, and this is huge,
if you image is already in sRGB, and you check the "convert to sRGB" box, Photoshop will convert it again. This will desaturate your image slightly, it shouldn't and I can't explain why it does, but it does. Don't use the "convert to sRGB" checkbox if your image is already in sRGB!
Hope that's helpful.