LongLensPhotography
Th..th..that's all folks!
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Whether you edit it as a 16 bit TIFF or as a 32762 bit YARP file, it doesn't matter. You have already lost the extra information contained in a raw file when it was first converted to JPEG in camera.
Interesting indeed why not shoot RAW in the first place if you do any editing at all. 60% of data is indeed all lost in JPEG.
The only time one shoots JPEG is either due to very quick turnaround times (shoot news and upload in minutes as it happens) or lack of interest (amateur market or shooting obvious rubbish for whatever reason).
5DIII / 1Dx are probably the first cameras that can deliver reasonable quality JPEGs after playing a bit with settings, and adding lens profiles via EOS utility. How many JPEG shooters do that? Not many I'd guess..
