I now am understanding what you are saying. There is a historical perspective with respect to the use of gamma with older displays. This part I already understood. I just did not understand why gamma is continued to be used. So there are allot of stored images that were displayed with CRTs. So LCD displays continued to be calibrated with respect to gamma. I imagine once the switch is made to linearize displays, all of those image files will not display properly. So this means the images considered worthwhike by someone will be converted to a linear representation of luminance. This is kind of like the COBOL business application programming language. I think it will be around forever. LOL
I see where gamma can be used in PS to preserve enough information that can be used to prevent banding. But I think since most images used for photographic purposes are 16-bit, then like you said this may have become a much less an issue. So PS converts images using gamma. Interesting!
Based on a couple previous posts, I thought the application of a gamma curve was part of RAW file processing. One mentioned it as a way to create a more pleasing version of the image, what I thought was a type of reconstruction based on the non-linear properties of the eye. Now I understand this part is not valid, and what is actually being referred to is the tonal curve applied to the image, which has nothing to do with gamma. This part is chosen by the specific RAW image processing software.
As an aside, I think some RAW processing software not only applies their own tonal curve, but perform further manipulation to make the resulting image more pleasant to the eye, kind of like what some refer to as making the image "pop". This can include a subtle color saturation, a bit of sharpening, and other image "enhancement" functions. I guess this is one way a RAW processing software, like Capture One, can differentiate itself from other RAW processors, like LR. It has that "look" that appeals to many. I assume these image "enhancement" "features" can be disabled? Perhaps they cannot be completely disabled?
Bob