alrightie .....been a month since I started using the EP5. Bear in mind these jottings are purely for OOC jpegs.
Just a note on exposure. When the exposure is correct, the colours and contrast are fabulous, especially on "Natural". The margin for error is probably 1/2 EV within ISO200-400. And 1/3EV up to ISO800. Beyond that proper exposure matters more and really make a perceptible difference. Out of these ranges, the highlights especially loses "contrast" very fast and the AWB shifts noticeably.
After not so much of experimenting but just shooting and looking at pictures (so this is NOT a scientific comment), I am now settling for -1/3EV by default on ESP and spot metering on Aperture priority on default "Natural" colour, up to ISO3200. And I use this for most daylight shooting conditions in good lighting. I find that the EP5's default metering at +/- 0EV tends to overexpose especially for high contrast scenes in brighting.
This is the first time I am doing this for Oly's cameras since my first 43 body. I used to tend to accept the default metering before this.
With the proper exposure, the EP5's OOC output is incredibly rich and nicely "textured". Colours are rich but not exaggerated. The biggest improvement I see is in the reds. For the EP3 and below, the reds tends to "break" first. When pushed (especially with higher ISOs), the reds starts to smear. In low lighting condition but lower ISO (<800), the reds are well preserved. In the EP3, the reds tends towards brownish in low lighting.
Contrast is also improved, and I guess this is also reflected in the wider dynamic range. Details in shadows are better preserved and obviously contrast is maintained in poor light.
I am still messing around in other than "natural" lighting conditions in high ISO (>1600) conditions. Anyone care to comment on my observations

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