OK, I think I will have some crow for lunch...
I just shot some outdoor scenes on my backyard with the 28 cron on the M8 and the 35L on the 5D. This time, in C1, I put all the settings at zero, no sharpening, no noise reduction of any kind, nada.
Enter the crow: The M8 files out resolved the 5D files by about 2-4% and had zero noise at ISO 160. The 5D had a trace of noise, which might be attributed to using a incremental ISO. But either way, there was no noise, moire or any of that from the M8 with the settings put to zero. When I tried to apply even a setting of 1 to the noise reduction, the weave pattern started up again.
So it really boils down to the M8 needing raw conversion that is entirely different than any other camera.
So this is the way I will approach it for now, nothing but color and tone corrections, no default noise, nothing. Unfortunately that puts the moire reduction in a strange place again..
So the M8 stays for now..and no, I was not looking for a replacement for medium format...