I've been in a similar position to you about this lens, tempted to buy, wondering how good it is and not sure what to make of the clearly divergent sample photos online.
I have a Mamiya 645 ProTL system brochure which says "The C 500mm f/5.6 uses ultra-low dispersion glass to give superior resolution in a long telephoto design." That seems to be conclusive as to the use of special ULD glass at least somewhere in the optical design. But then you see some sample DSLR photos with pretty strong CA and you wonder...
Of the C ULD 300/5.6 N, the brochure says "The 300 f/5.6 performs extremely well at all apertures due to the use of Mamiya's ultra-low dispersion glass to eliminate chromatic abberation". Note the word
eliminate, which is not used in the 500/5.6 description.
The C 500/5.6 may be in the same category as the 150/2.8 A lens, of which the same brochure says "The A 150mm f/2.8 is a high speed telephoto utilizing Mamiya's ultra-low dispersion glass for superior performance at all apertures." I have that lens, and it's very nice, but wide open, it is not in the same league for CA as my 200/2.8 APO. The C ULD 105-210/4.5 zoom I have is also better on CA than the 150/2.8 (OK, it's also slower wide open). And I have one other ULD-marked lens, the 24/4 ULD fisheye, which exhibits no axial CA to my eyes, only slight lateral CA well off-axis.
So I think I sense a pattern in Mamiya's lineup:
(1) Lenses labelled as APO have fully corrected CA (and SA)
(2) Lenses labelled as ULD have very highly corrected CA...I would compare these lenses to "ED" designs in telescopes/camera lenses.
(3) Lenses without ULD labelling, but referencing the use of ULD glass in their descriptions, have well corrected CA (better than say, a simple achromatic doublet refracting telescope, or a bog-standard telephoto of the 1970s), but it is still apparent on many subjects.
There has to be an exception of course, and it's the A 120/4 macro. This is presented as a type (3) lens [no labelling, just a description: "formulation of high density/low and ultra-low dispersion glass"] but it has delivered type (1) APO-like performance in my usage so far.
Anyway, for now, I've held off on the C 500/5.6. The best results I've seen from it are
lunar pics here (scroll down past the bug macro shots), which are really impressive (at f/8), but I am wary of how much they may have been processed for the web; a good trick for CA-afflicted shots of the moon is to just pull out the green channel and convert that to B&W, and that might be the case here.
I'm also intrigued by the potential of the RB/RZ 500/6 APO (full APO!) with a Fotodiox adapter, but you're talking ~2.5 times the price.
Ray