John,
I'm getting tired of this. There is no way you seem to understand what I'm writing. Nowhere there is been talking of the dynamic range. Just comparing the same visual image: one RAW via the converter and one JPG. Just as simple as that.
Think about what you're saying here and what I'm trying to show you. And what you can find out yourself. I tell you a little secret: the difference is called JPG-COMPRESSION. Don't tell further.
Beside that, one of the differences between converters is the used white balance. Even the colour temperature for daylight sunny is different between camera brands and converters. Nikon has the name to be some cold, to blue. So also different blinkies on the end.If you find a package changes the image when you EXPORT to jpg and reload something is decidedly wrong.
George