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The Z-cam has 4k 120p that is pretty darn solid as well as the option for electronic ND's and internal Prores HQ 422 at full resolution. This has built in SDI which is cool but you can't external record through the SDI so that is a bummer. At least you should be able to get a feed to an external monitor that doesn't have horrendous latency. Is the HDMI implementation here faster though? If it is that would be a big advantage. The HDMI out on both the S1H and Z-cam is very slow. Internal ND's would have made this camera a huge win, without them its kind of meh. The only advantage of the lighter weight is for drone use. Once you add a monitor you lose the weight advantage. The new Nikon camera will have internal prores RAW. If this had internal RAW and in combination with the SDI out I would buy it.

The raw codec is definitely more flexibile color wise though its very similiar in terms of the look. I personally like S1 color better than the GH5. I noticed shadow dynamic range is way way better with RAW. No banding in the shadows even when 6 stops under exposed and it retains the information. It does get noisy but the noise is much more organic than with the internal codec.