Originally posted by GUB So it is fair to say the K01 is Iso invariant.
Its a really complicated issue. For example, some manufacturers have some NR and sharpening built into the photo, even if you shoot raw. So if you shoot at a lower ISO and add exposure in post, that part will look different. Sensors are different, as well. And even the different Raw software might use different algorithms, different tricks under the hood, when "adding" brightness. So I don't think we can take really clinical tests with
all variables accounted for, though you certainly did a good job in your test. The little variables I mentioned might be really small, but if there are enough of them and the image is pushed to extremes, they can make a difference.
Another important issue is clipping. If you have a dark photo and add exposure in post, it will not look the same as a properly exposed photo, because the dark photo simply does not contain the same amount of recorded information. Now sure, for most uses adding a little brightness in post will be fine, because our exposures are good enough to begin with. Camera metering is pretty good and captures a wide dynamic range, so if the light is halfway decent we get useable photos, or at least salvageable photos.
Anyway, I don't really put much faith in ISO (in)variance. I prefer to expose the photo correctly, or in some situations ETTR (as bright as possible, but avoid highlight clipping). Then you can play with the brightness/exposure a little with minimal IQ deterioration.