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As you say - the ability to go back and apply new techniques to old RAW files is one major benefit. The new ‘ai’ denoise in LR is a game changer for me - I shoot quite a bit in low light and this makes previously unusably noise images into keepers.

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Would you agree that the optimal first processing step for a RAW file is to use the camera manufacturer’s software for demosaicing the file? This is often recommended to me because manufacturers often do not fully share their secret sauce with other software developers.

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