Originally posted by Kerrowdown Like this one was 4 stops under...
It is likely you merely dropped your Iso to go 4 stops under. That means there is no down side.
Of course to be pedantic how do you define this as "4 stops under"? After all the lights are still clipped. I guess you mean 4 stops under what the camera suggested.
EDIT It is obviously a tripod shot so you were probably at base Iso anyway. So that means the shadow areas you pulled back up have elevated noise but you have total control over the highlights. A great trade off.