Nope, there's not gonna be a latitude (if you use this term to describe the range of exposures for which an emulsion or printing paper will give acceptable contrast). The only edge you'll get is kind of smoother handling of media inside editing/CC application due to artificially increased volume of data available for every pixel. As a practical result you'll have fewer compression artifacts, color banding, polarization to name but few as you apply drastic visual postproduction changes. Anyways, in my opinion this artificial boosting is well worthy in post. Although you kind of end up with phony data for every pixel it is still better off than having lousy true 8-bit 420 footage as is.
Production and Postproduction in Moscow
http://www.mokaeff.com
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