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True. Except that, as hobbyists, we’re not up against deadlines and there are occasions when the more stuff we have to play with, the better. In that respect raw provides more fun opportunities! That is, I suspect a very different perspective to that of a single working professional who needs to optimise client satisfaction (income) while minimising time spent sitting in front of a computer.

I prefer H.265 as well, over the pseudo raw formats. Cinema DNG is still the best quality RAW in terms of the film look and unprocessed sensor readout.

In still photography, the storage space issue for RAW is less pressing than in video and since each still image can be studied for a long time (at least in print) people can pay more attention to quality (and photographers can afford more time into editing of individual frames with masks etc. while in video it would be extremely tedious to make exposure blending or other manually drawn mask based operations on a frame by frame basis). In the early years of digital system cameras, the difference between RAW and JPEG was more obvious and people got used to RAW because the image details were better and of course the files are more editable. For video, I suspect that RAW usage will be more limited to high end where there are professional colorists etc. and occasional shooters who don't shoot a huge quantity of material. But maybe I am wrong. 😉

Different post-processing pipelines and their settings for N-RAW and R3D NE may be what is causing such differences and not necessarily different primary data in the file, unless the person making the video actually used the renaming hack. However, of course it is possible that the data are different in the files. However, sharpening images and storing them in the raw format makes no sense as the images are not in RGB format at that time. Sharpening in that phase could mess up the colors so I doubt they are doing it.

In an unregulated state, all the money will go to the owners of the AI built on stolen data (from creatives without compensation) and no working person will have money. It'll be like the 1920s again, and remember the tariffs then made the US depression spread worldwide, leading eventually to World War II. After which a period of relative decency began, until the 1980s where all the money more and more were given to the fewest of people, leading eventually to Brexit, Trump, the Russia-Ukraine war. All of these phenomena since the 1980s happened because the multimillionaires and billionaires want to have all the money and keep it too. Adapting is the same as capitulation which makes working people the equivalent of slaves. All the money will go to the techno-oligarchs and their criminal politician friends. The only way to solve the problem is to make AI models based on stolen data illegal and erase them or give due compensation to the creators of the original teaching data that was used to make the model, and tax billionaires so that they end up with only the money that a decent life requires. This would restore fairness and decency in society and good lives to ordinary people.

As a just hobbyist I don’t probably need Raw, but viewing from a 3m screen you don’t want to view something shot on a phone in crappy HDR mode either. After starting to shoot Raw I’ve wanted to shoot more, to see how the Raw clips look. Also tinkered more in Resolve to get better understanding how to get better looking end result. Got also new lenses to get better footage from different angles. Could have just done the same with Panasonic H.265 but somehow it started to feel boring. Sometimes change is good if it makes you want to shoot and learn more. The only bad thing about Raw is cost of storage, which might make you trim the clips too tight to save space. For CPU and GPU in Apple land 6k raw isn’t any heavier to edit than 6k H.265, unless you need NR, which is as heavy as using speed warp to slow down 6k25p H.265. 4TB SSD costs now the same than 2TB a few years ago.

Same arguments were valid in still photography. Lot of news/event shooters stuck with jpeg while the rest of photographers see the "jpeg only" sign on the camera display as a catastrophe. Its been always about having flexibility for artistic purposes. If your work is concentrated on documentation of real world as it is, Standard color profile Jpeg is the best choice.