Hi Chris,
I assume you've tested profiles created in both ways on several of the same photos, so I'm interested to know in what ways you find the profile created with the Velvia target delivers better results than SF8 Auto IT8 process using their own IT8 target?
The Velvia target covers a different gamut and is is better differentiated in parts of the the extremes.
My impression is it gives better results, especially when using Velvia slides which get a bit compressed at the ends with the original SF targets.
In the highlights it gave me better greens and oranges, in the shadows better blue-magenta tones.
In other areas it was a bit reduced.
Over all I think the perfect target yet has to be invented.
I attached the Velvia based ICC profile I use with my LS-9000.
Cheers
~Chris