The M Monochrome Type 246 (link) has the best analog dynamic range of any Leica M camera. Still,its DR is very close to the M10's. (
link)
The DR is also similar to SONY bodies (
link).
The low-light performance is within 1/3 stop of the SONYs'. (
link) – zoom the chart to see detail for the 24 X 36mm sensor column.
These data are estimates for un-rendered raw file data. So post-processing rendering parameters do not affect the results.
In-camera JPEGs are rendered from raw data. A raw file's signal-to-noise limits JPEG rendering. However, perceived image quality could depend on the in-camera demosaicking algorithms as well differences in rendering parameters.
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Is Leica BW image superior, and if so, is it couple thousands of dollars superior? "
This is a subjective question. My subjective answer is no – the M Monochrome Type 246 is not worth the ~2 thousand dollar cost increase.
What is worth 2 thousand dollars could be the value-added aspect of using an M rangefinder. The experience of operating a camera with an optical rangefinder and minimalistic controls is worth something. Avoiding lens adapters and the convenience of using coded lenses is another advantage. These also are subjective issues.
While signal-to-noise ratio is not the sole factor that determines the perceived quality of monochrome images, I would prefer a M10 to the Type 246.