Good point. Upon occasion, I have also imposed a reverse-
S curve in, for example, a landscape with bright clouds and dark terrain, so as to get more shadow and highlight contrast, of course at the expense of any mids.
Drifting off a bit, but related, if one looks at DPR's plots of camera dynamic range, one will see that many cameras have a
S curve in their plots of image tone versus input EV. This increases the dynamic range (measured that way) of the capture - but at the expense of shadow and highlight contrast. A bit of a fiddle, IMHO, and I personally will select the straightest line possible.
https://www.dpreview.com/reviews/nikon-d800-d800e/19
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