Slide films limited dynamic range does not look real to me.
In terms of dynamic range no photograph looks to 100% "real" in the sense that it is a 1:1 copy of the reality.
Because our eyes can record much higher contrast ranges than any photographic medium, no matter whether reversal film, negative film or digital.
I find the topic of dynamic range much overrated in todays discussions, because the dynamic range of reversal film is high enough to record 95% of the scenes properly.
You very seldom have contrast higher than 1:64 or 1:128 in scenes, so in most cases you are absolutely fine with reversal film.
And if the contrast range of the scene is higher, than you have several techniques to simply manage and reduce the contrast, like fill-in flash (gives excellent results in even very high contrast situations), reflectors, gradual filters, diffuse pre-exposure, pull development.
Some of my best slides I've shot in high-contrast situations using some of these easy techniques.
I always err on the side of overexposure when shooting negatives, and at times I've deliberately overexposed with two stops.
At two stops overexposure you loose sharpness and resolution with negative film compared to exposure at box speed (due to halation effects in the emulsion). And with most negative films colour changes compared to exposure at box speed.
And you have less highlight detail compared to box speed.
As already explained above, the best results concerning all quality parameters you get at box speed.
I've seen cyan skies with Ektar 100, but that was due to underexposure.
I've had it often with the Portras, Gold and Ultramax and Ektar, especially with sky rendition.
At apug this weakness of the Kodak CN films was explained by former Kodak engineers: It has to do with the Kodak colour couplers for yellow, they are influencing the rendition of blue.
The Fuji reversal films don't have that problem.
Cheers, Jan