Quote: Larger sensors are better for everything except initial cost, (likely but not req'd) framerate, and (likely but not req'd) a larger hump for the prism. Really, that last part is better too because the VF is larger.
For a small sensor with equivalent Mp to a large sensor, the small sensor will have more DoF and use lighter easier to carry glass, so will be lots of places a large sensor won't be. The glass on FF becomes unmanageable at about 400mm while a comparable APS-c is still a carrying weight at the equivalent FoV at 250. Because software affects image output there are many corrections that can and are done to improve the level of APS-c images to bring them to par with FF images.They don't show up in the math... the math ignores them, which is why so many ignore the math. For a formula to mean anything at all, it has to account for all variables, lens design, software, operator tendencies etc. The formula cited to support FF over smaller formats are so simplistic as to be useless. That is ably demonstrated buy the higher sensor rating of the K-5 than most of the FF cameras that came before it. This is just a small portion of the many advantages smaller systems have over FF systems. I'm sure there are many more I haven't thought of.
Given the advances in auto -focus in the K-30, it is extremely unlikely I will ever use an FF for wildlife, birds in flight, or macro photography even should I buy one. The DoF and smaller lenses are just too much of an advantage to give up for any small advantage an FF might give me.
People don't buy math, they buy pictures, people don't look at math, they look at pictures. If you guys want to sit around and admire the math so be it. it's a fine thing to do. Just don't be thinking it has anything to do with art. Photography always has been and will be artistic in nature.