There is another aspect that relates directly to macro lenses - they will have been computed to work at their best at typical macro reproduction ratio's. In other words closer focal distances. They generally also have very low distortion figures.
It's essentially incorrect to describe a magnification ratio based on a crop factor. Totally misleading and assuming that higher pixel densities will make up for that aspect is basically incorrect as well. On m 4/3 a decent resolution from a a lens is around 2800 lw/ph. Graphs generally allow up to 3,000 max. That is line widths per picture height which accounts for the actual height of the sensor. Full frame starts getting good at 3,200 lw/ph. These figures happen to relate to Canon's 100mm macro on a 5D MkII and Olympus 60mm on 16mp n 4/3. The Canon IS version comfortably reaches over 3,200 lw/ph. Odd isn't as the pixel density on m 4/3 is way way higher than the full frame camera. The IS version also has truly negligible distortion. The other 2 don't if some one wants to do precise reproduction work.
Stick the same basic canon macro lens of 15mp APS and the figure comes out at 2,280 lw/ph. The IS version does a bit better but still under 2,800 lw/ph. This is because they are full frame lenses.
Go down to Nikon 1 and good/excellent comes in at around 1,800 lw/ph. Not macro in this case.
So now some might realise that what ever format is used the main thing is to get the largest image possible on the sensor. Crop factor makes that more difficult really. If the m 4/3 lenses are 2:1 it would make no sense at all using 2:1 in situations where 1:1 could be used.
If some one looks at these resolution figures carefully they might conclude that the lenses for smaller sensors are better than those made for larger ones. Basically it's easier to make more precise lenses for smaller formats due to scale effects but larger format still win out at a cost when it comes down to actual resolution. Pixels - there comes a point where increasing densities doesn't really achieve anything.
John
-