Thanks for the responses. I appreciate your feedback. I don't completely agree with MarkDS with regard to the use of LAB though. I use LAB often for a variety of different reasons including channel blends, writing curves, selections based on color, use of the "blend if" functions and retouching. I've been using the smart objects so that I can make adjustments in LAB or CYMK and then be able to go back into the smart object, if need be, to change adjustment layers and settings where in the past I could not do so by straight conversion without the use of SOs. I think my question, although a bit vague, was whether because of the non destructive nature of SOs, do I lose image data at all by using SOs?
You guys gave me some food for thought and it has been helpful.
P.S. I looked at your respective websites and read a couple of articles from Mark's and found them (both sites) to be informative and interesting. Thanks again,
Jim