Hi,
Not really if sync time is 1/250 or longer. There is a range of shutter speeds were LF is clearly at advantage, the 1/500 - 1/800 or even 1/500 - 1/1600 range.
Sync speed is clearly a limitation of the Pentax 645Z.
Let's put it this way. Many systems can do the job. High end MFD can deliver resolution that 135 cannot match. MFD with leaf shutter lenses allows some advantages in flash photography, that can be quite significant. That said, you can see a lot of 135 work using flash at very high sync speeds, but it is mainly used as fill light.
With 135 there are some truly excellent f/1.4 optics and great liberty in expanding shadows, expect on Canons which have high readout noise at base ISO, go to 800 ISO and those Canons are highly competitive.
Finally, it may be more important to know the equipment deployed and make best use of it than any specific parameters. I have seen far more great images shot on Canons than on MFD. Well, I actually never have seen anyone shooting MFD in real life.
On the other hand, folks have noticed I am shooting a Hasselblad and so they feel I must be a professional, which I am not. Using a Hasselblad may awoke some interest. I don't know if Phase One has that capability. Hasselblad has been to the Moon, you know… Also, Hasselblad is a Swedish company and Sweden happens to be my choice of country to live in, so recognition factor here is pretty high.
Regarding short DoF with no colour fringing on the background, I don't think you can beat the two Otuses, the Apo Sonnar 2/135 and some other specialty lenses. Sony has a 135/2.8 with very delicate bokeh and Nikon has some corresponding lens, too. Quite a few MFD lenses don't even have round aperure…
Best regards
Erik
Not sure what you mean by losing high-speed sync. You do lose HSS mode for Canon/Nikon speedlights and the Profoto flash-arc version of high speed sync. But having native high speed sync using leaf shutters is a significant improvement over those hacked version of higher speed sync. You lose a ton of power from the flash when using the hack modes. Using a leaf shutter your 580EX becomes a very powerful flash in comparison.
Anyway. There are many reasons you would want to use MF at a wedding:
- resolution
- improved color in general
- improved skintone right out of camera
- improved lens look
- lenses that are sharp wide open and create excellent contrast between the out of focus bokeh and the subject
- leaf shutters for native high speed sync without power loss
- larger/brighter viewfinder
- better aspect ratio for vertical frames (subjective of course, but it's hard to find someone that loves 3:2 verticals)
- differentiation
You mention that you can provide a shallow DOF look on 35mm "quite easily with the pano stitching method" and I think that highlights the difference quite starkly. The idea of taking 8 shots and then later stitching and hand correcting any errors - for every final shot you want to produce with that look, is fine for some photographers ("quite easy"), and anathema to others ("a freaking pain in the butt"). Some photographers will be okay spending a lot more time in post getting a camera's raws to a place they are happy with, and others will value a system that provides great skintone out of camera, great tonality and dimensionality out of camera, that can take post processing adjustments with grace, and that can produce a large print from a shallow DOF shot from a single frame... this is far preferable to me.