On the other hand, with the LX100 you need to use a port system with a short port that has a smaller zoom range. It lacks the Sony's 1080p120fps mode and its HRF mode (really nice 240fps and more specialized 480fps and 960fps) It also doesn't have a pop-up flash and the housing is significantly bigger. And, perhaps less important for underwater footage, but the RX100IV has a log mode, whereas the LX100 doesn't.
Yes, there is no perfect camera out there. The initial discussion of this thread is "leap into 4K" so 1080p features are not really that relevant unless we're having a discussion solely about RX100 vs LX00, which there is plenty of videos in youtube to show that. BTW, LX100 is now $699 at B&H, that's a whole lot of bang for the bucks.
Log, yeah, it's another big discussion. Do you want to endure the work flow of color grading? What is the quality after grading (trying to grade a 100mbps 8-bit 4:2:0?) For log, it's best to go ask those GH4 shooters. From what I have seen, log and color grading is ok/good with the Atomos Shogun as the GH4 put out 10-bit 4:2:2 4K. Gearbow would also need to find out if his clients would want log video.
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