To me "as shot" means the object, scene or location you captured in a photo would be recognized by anyone viewing the same scene with you.
That would describe 100% of my photos over the past 40 years. All of which, since I switched to using a digital camera, are typically pretty heavily processed since I'm a "Photoshop wizard" and expect my photos to look like "what the eye saw."
Maybe an example could help. Let's start with the JPEG that came from my camera:
Retired now I spend a lot of time walking around the neighborhood. This is me walking to the grocery. The grocery is right behind that distant bldg sticking out from behind the long bldg covered with graffiti. I live right behind the trees on the other side of the tracks opposite that bldg. To get to the grocery I have to cross the bridge over the tracks. I took this photo from the bridge. I see this scene a lot and I like it so I snapped a photo. I carry a camera with me every where I go and because it's a digital camera and I know how to use it I photograph whatever I want -- like this scene.
That photo really sucks doesn't it. It's SOOC. The reason it's all green is because I keep the camera WB set to unity. It's a little trick that's handy if your camera has a live histogram and my G7 compact does. Setting the WB to unity forces the live histogram to better reflect what a raw file will capture and that's all I care about. Here's the photo with the WB set to auto:
It still really sucks. It sucks because of the lighting. The sky is nuked to hell and that's because the scene is backlit. Now you can take any camera you want (digital or film) and use any combination of settings on that camera you can possibly conceive of and you will at very best be able to get that photo from sucks to still sucks. So there you have it -- warts and all as you say it's "as shot" and nothing at all like what the eye saw at the time. That's not what I saw. Our eyes have no trouble handling that dynamic range but film does and all digital camera JPEG processors do. If I reduced the exposure to darken the sky the foreground will get too dark. I can do that with a copy of DPP (Canon raw processor). If you check the EXIF data for the camera you'll see I set a +1 exposure comp to take the photo. Here's the photo with that 1 stop removed:
It still sucks. The foreground is too dark now and the sky looks flat and still blown. Very simply if you want to "as shot" this photo in the way that most people will understand that term then you're going to have to be happy with sucks because that's the best that film or any digital camera JPEG processor is going to give you in that lighting condition.
BUT you could resort to some manipulation. Let's say it's 35 years ago and you're a Zone System photographer. Well then an N-2 neg and proper darkroom technique could pull it off. But any attempt to photograph that lighting with transparency film will just major suck -- money in the waste basket.
So if you walk with me to the grocery some afternoon and see this scene crossing over the tracks it's going to be backlit and if you have a film camera or digital camera that can save a SOOC JPEG you can take a sucky photo warts and all.
I prefer that my photos don't suck and that they look believable when people see them -- what the eye saw. And as I said above I carry a camera with me all the time and I photograph whatever I want regardless of the lighting condition. I can do that because I'm not restricted by some camera's sucky JPEG processing or 5 stop DR slide film. There is no JPEG processor in any digital camera that can SOOC produce the photo you see below -- they can only do sucks.
Joe
Oh yeah and notice that the sky is blue -- because, the sky is blue.
True they might crop it differently or perhaps tweak the exposure, but if they stood by that waterfall, or canyon or tree or flower etc. they would recognize it from the photo.
Jpeg, Raw or Film, the camera can never see what the mind sees but it can capture what you are looking at; and often that is pretty good photo.