When bracketing my exposures, I definitely understand how exposure compensation works (double the exposure time is 1 stop, quadruple is 2 stops, etc.). However, if you do this on a RAW file, I am not sure I understand the whole software side of things.
(1) What does RAW exposure compensation actually do? Is it a simple shift of the histogram?
(2) Is there trade-off to applying EC in post processing as opposed to in the camera itself, such as using exposure bracketing. For instance: to avoid a long exposure time, you would think you could just underexpose the photo *in the camera*, and then use software to later overexpose *the file* by 5 stops.
Now, besides the pain of correcting the exposure after the fact, I've got to believe that this is not the only drawback...
Thanks
Vincent