Mcary
Veteran
Not sure about the M9, but the M8 does work well using this method with RAW files. The process was originally described in the Leica forum. With an M8, the ISO is left at 160 and a -3 [the highest it will go] exposure compensation is dialed in. This works well, and gives the equivalent of 1250 without the noise. This works either shooting on A or metering manually. The RAW converter in Photoshop does the rest. I am now trying it at ISO 320, but have not done it enough to see how well it will work.
Be interesting to see the difference between images using the M8 at the following setting
ISO 160-3 stops exposure compensation
ISO 320-2 stops exposure compensation
ISO 640-1 stop exposure compensation
I've just recently started using ISO 640-1 stop exposure compensation and been please with but the results in color and when converted to B&W.