Originally Posted by
Mike Buckley
A converted raw image and the embedded JPEG will be close but not exactly the same. This explains why so many people stress that the histogram being displayed in the camera is the histogram of the embedded JPEG, not of the converted raw file, and that the two histograms will usually if not always be at least a little bit different to the extent that you'll see the differences if you look for them. I suppose you could capture a raw file, use external software to extract the embedded JPEG, and then open both in Capture NX to confirm that the histograms are different and, thus, also confirm that the two images are different.