What about panoramas?
With export to TIFF, merge in panorama and back into LR, I get similar results in terms of detail with Lr but the colours are quite different and arguably not as good.
I did my normal procedure of processing one image, syncing that to the others, then exported to PS and merged (basically same things as making tiffs). I then merged the raw files with no processing inside of LR, and sync’ed the resulting merge from one of the files I had used to make the tiff.
Colors and tones were identical.
I also just used Adobes Flat Field plugin to fix Lens Cast issues from using a tech camera to make the dng’s, merged those and then did all processing after the merge, with great results. I liked that I was doing the processing viewing the final document and not on just one slice of it.
My normal process is to do processing in Capture One, generate tiffs then merge then use ACR or LR for tweaking of the merged file, and I do think that will still give me the best end result. I’m not clear how “raw” a linear DNG file is and if converting the phase .IIQ files to linear .dng costs anything. For some images it might, others maybe not so much. I do know that C1 is much better at cleaning up single pixel noise in shadows that have to be pulled up than LR for my Phase files.