yes, absolutely.
absolutely not.
Joe
Well that saved me a ton of time testing that theorem.. auto ISO it is! Lol
Exactly - if the amount of work in editing is increased significantly and if the gain is nothing to negligible I don't see any virtue in changing how everyone uses ISO currently.
No problem there; again I added this to make the point: Raising the ISO in a digital camera doesn't help or permit that camera to capture one iota of additional low-light data. It does all kinds of beneficial things like allow us to chimp the LCD,

but it doesn't get us any more information. If that's the case I don't have to hate it but I can just ignore it. And maybe there's a benefit to ignoring it? I did say
extreme.
Plus added to that everything I've read has always stated very clearly that a higher ISO gives less noise than underexposing using a lower ISO.
Absolutely, and I acknowledged that in my original post. If we amplify the sensor signal before A/D conversion we're going to get less noise up front. But, and this is camera make/model dependent, we're going to get different noise and noise uniformly applied.
Now I did say
extreme. Let me repeat one more time that I used the word
extreme in my first post about this. I'll admit to being an
extremely obsessed pixel peeper here who's favorite quote is by Michelangelo, "
Trifles make perfection, and perfection is no trifle."
So I did the same thing here that Braineack did. That's a screen shot from PhotoNinja's file browser. The first photo is for reference: ISO 200 properly exposed. In the middle file the ISO was raised to 1600 and you can see the shutter speed change. In the last photo the ISO was set back to 200 and the sensor was simply underexposed by 3 stops. In PhotoNinja the only thing I've done is what Braineack did in LR -- raise the exposure comp. 3 stops. PhotoNinja then adjusted the browser preview.
Now let's have a close look deep into the shadows. You need to examine this image full-res:
edit: I was afraid of this wouldn't get posted here full-res and it didn't. Here it is at full resolution:
basket_noise.
The left image is again just for reference. You can see in the ISO 1600 image the reduced noise compared to the next image where the sensor was just underexposed 3 stops. Raising the ISO certainly has an effect and it certainly does deliver a less noisy result as you noted and as I noted. Examine how the noise is different though. Although the underexposed ISO 200 image is at first noisier it's noise that is very easy to filter. The next image over is pretty simply noise filtered. As good or even better than the ISO 1600 image?
Now we take it a step further. In post we always have the option to make local adjustments to our photos -- things like burning and dodging and so on. You can sharpen a photo in camera (how crude) but in post you can sharpen the midtones more and the shadows less and even use different sharpening algorithms on different parts of the photo. Did I mention extreme already? Well the same applies here. I don't have the option to just noise filter a photo I have the option to noise filter it in different ways to different amounts in different places. Trifles make perfection.
Now here's another interesting twist that came up in one of Photoguy99's posts. This photo was an extreme high contrast lighting condition. Note the window light in the upper left. In the ISO 200 correct exposure the window in the upper left has just begun to clip in the green channel. This scene was selected because it takes full advantage of the sensor's recording capacity. Now there really is nothing you can do to get a sensor to record more data than it can record. But if you're in a tight spot and you need as much data as possible be very careful raising the ISO. In other words what would you rather have; less noise and clipped highlights you can't fix or noise you can filter to have less noise? Now I didn't really say that because I would never want to advocate sloppy exposure.
In fact this theory goes against the tried and tested "expose to the right" theory.
Not at all -- it actually works really well in conjunction with ETTR theory. ETTR theory is all about capturing all the data the sensor is capable of recording. This is just another aspect of the same thing: If you think raising ISO is helping you capture more data, think again. That was the most important point I was making. And if that really is the case then ignoring it is no foul.
The OP was delighted at how freeing it was to just hand off the ISO chore to the camera. Derrel and Kristof and Todd all gave great examples of how valuable it can be to work that way. I agree. When I teach a first semester photo class I start them out with the ISO set to auto so they can concentrate on understanding what shutter and f/stop do. But as we continue and learn to process raw files and understand what a raw sensor capture really is I eventually take the ISO away from them entirely. They can have it back later, but it helps at some point to understand what's really going on. They get this strange notion (Lord knows from where) that raising the ISO is allowing them to record more information in low light situations. They need to learn that's wrong.
Armed with that knowledge and out with my little pocket camera that I always carry I find I need a faster shutter speed in low light. Do I raise the ISO or just twirl the EC dial and force the faster shutter speed? The only thing raising the ISO does is get me that faster shutter speed. Twirling the EC dial gets me the same faster shutter speed faster. The sensor is underexposed by the same amount either way.
Joe