I don't know the specifics of the 5D, but generally speaking, there are three ways that ISO 50 may be obtained:
1) Through lower amplification. You may get the same highlight headroom as the other ISOs, but you may not, due to sensor saturation.
2) By a mathematical pull in the camera (the most useless method; always loses headroom and posterizes data compared to) ...
3) By a mathematical pull in the RAW converter. This simply is the same thing as exposing a stop higher at ISO 100, but FEC and EC work as stated for the exposure index.
If you can link to RAW files of a grey step scale or color-checker at +2 EC in both ISO 100 and 50, I can tell you exactly what it is that the 5D does.
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John,
If you look at Clark's data, I think most of what you need is there for the 1Ds2. The sensor saturates at arount 80,000 electrons, and maximum signal for ISO 50 is 79,900 electrons. At ISO 100, the maximum signal is 53,000 electrons. The gain at ISO 50 is 26.03 electrons/data number (ADU number) and it is 13.02 electrons/data number at ISO 100. The amplification is the same. Doing the math indicates that the maximum data numbers are 3069 for ISO 50 and 4071 for ISO 100.
To get a maximum data number of 255 in the converted 8 bit space, a pull in the raw converter or in camera jpeg engine would be necessary. If an ISO of 75 were available, the maximum signal would be 79,900 electrons and the data number would be near 4095 and no pull would be needed.
Of course, the 5D may behave differently, but the pixel size is the same, 82. microns.
Your comments would be appreciated.