There are probably more than a few opinions on this topic, but some threads I've recently been aware of (and participated in) are
here and
here. These particularly focus on the Coolscan V ED/Vuescan combo.
As far as scanning to raw in Vuescan (VS), it's not the same as "RAW" files that come out of digital cameras. It's basically what's been described above: you're telling VS to output a "raw file" as well as (or, rather,
instead of) a TIFF, JPG, or whatever. They key here is that this is your "digital negative", and should have as little correction applied to it as possible. It contains as much information as the CCD can "see", and as sleepyhead said, it will look terrible if you view it in PS. Later on, you'll use VS again to "scan from file" as if you were scanning the neg itself, and apply all corrections, cropping, etc. in this step. Done right, you won't need to take the actual neg out of its archival storage again.
I use this process religiously, and while it might take up more hard-drive space, it gives me a lot of flexibility. For example, you don't need to spot or dust-clean the final image; just open the raw file in PS and edit it there. I'm still learning a lot about the workflow, though. Ah, that reminds me...
Gabriel M.A. said:
This is key. Like you have no idea. Set the greyscale profile to Gamma 2.2, and the color profile to ProPhotoRGB. Set Photoshop to have these as their default, too. Believe me, it makes a h3ll (4377?) of a difference in the shadows.
Gabriel: Your comments are very timely - I've been wondering about proper gray profiles lately, and can't find any definitive opinions. I've used g2.2 for a long time now, but in my opinion it looks waaay too dark with compressed shadows. My equipment is pretty well-calibrated (in my understanding), so I don't know if this is actually a bad thing. Lately, I've considered both sGray and even simple sRGB for grayscale images. Do you have any particular perspective you can sweep my way?
Sorry for hijacking the thread a bit. Tangier: post some scanning results when you get them...
Cheers,
--joe.