Since shot noise with the ID MII is the limiting factor over the dynamic range contained in a real world capture, why chart lower values where readout noise predominates?
Because that is where we're trying to reach when we want more dynamic range.
If we just want less noise in the "belly" of the tonal curve, then we need *much* larger photon capacity, and actually use it properly in one ISO.
Readout noise is what keeps the lower left part of Roger's chart from following the lines suggested by the upper right part of the chart; it is what causes the down-curve on the left, which limits DR.
And a very big point - How many people are tired of the line-banding in images? That is the most distracting, disturbing aspect of Canon deep shadows, and it is purely blackframe readout noise in most cases. There is another type of banding, caused by differences in amplification. There is 1.019x as much amplification in the odd lines than the even lines (or visa versa) on my Canon 10D. White balancing the image removes the discrepancy between the blue channel and red channel (both are completely segregated in this inequity). The alternating green gains can only be interpreted as a real luminance difference, unless the converter treats the CFA data as four distinct colors, two of which happen to be the same. This banding shows up mostly in clipped gradients, or images resized to 66% with nearest neighbor. It is not a characteristic of shadow areas. The banding that we do see in shadow areas *is* readout noise, and it is a very real limiting factor to practical DR.
There is no hope for tiny-sensel cameras, except noise reduction. They just can't count high enough to have clean lower-midtones at low ISOs, or even lower-highlights at the higher ISOs. Practical DR would be limited just by shot noise with those cameras; for DSLRs, read noise is the biggest pest. When you count 50,000 electrons, you're talking about shot noise that is negligible over many of the top stops. Read noise cuts into the benefits when you go deeper into the shadows, as anyone who has ever tried to pull up ISO 100 shadows knows.
As you imply below, dynamic range is defined by electronic engineers as the ratio of full well capacity to read noise, both expressed in electrons. Using Roger's values of 52,300 and 16.6 respectively gives a DR of 3151 or 11.6 f/stops, which is pretty optimistic under real world photographic conditions.
As I said earlier, I don't think that his 16.6 electron figure can be correct. That would make the 1DmkII a stop better than the 5D in dynamic range, and people would have noticed that, by now. The 5D has about 29 electrons of readout noise at ISO 100. (1.95/3524)*52300 = 28.94. 1.95 is the standard deviation of noise in a 5D ISO 100 blackframe. 3524 is the highest RAW level on the 5D after subtracting blackpoint. 52300 is an approximate count of electrons countable at ISO 100.
Now, I just had an idea. Noise is both positive and negative about the average luminance. For a blackframe, that means values *literally* less than black. I suspect that the figure of 16.6 came from doing a standard deviation of a blackframe *after* clipping everything below the blackpoint to the blackpoint.
In other words, a tranformation like this:
126 -> 128
127 -> 128
128 -> 128
129 -> 129
130 -> 130
Doing that to a 5D ISO 100 blackframe I have here drops the Std dev from 1.95 to 1.16. (1.16/3524)*52300 = 17.2 electrons, very close to the 16.6 figure. I am assuming the same number of photons at ISO 100 on both the 5D and 1DmkII. They should be very close in reality. If this is the problem, then Roger's figures and the figures on some astro-photography sites are wrong. I know that Roger works off a linear 16-bit TIFF from ImagesPlus (I have corresponded with him to great extent on usenet), and that very well may clip the blackpoint, which would really make the blackframe data useless, except for comparison to other brands of DSLR that clip at black in the RAW data (as Nikon does).
I don't think of DR as anything but a basis of comparison. Its calculated value is not to be taken literally. There isn't some real concrete "floor" a certain number of stops below saturation, above which things can be distinguished, and below which they can't. You can capture detail well below the 1:1 ratio of signal and noise, and nothing unique or sudden happens to quality at the 1:1 point; it's just a frame of reference; the S/N drops the deeper you go into the shadows. In fact, if you start binning or averaging the pixels for a smaller image with more actual or apparent bit-depth, the noise floor moves further down. With extreme binning (and with stacked images, as well), the random noise mostly disappears, but the line-banding noise doesn't. This means that the banding is what is limiting the practical DR of binning, and banding is a noise that is almost *absent* from the std dev of the blackframe. Removing banding from a blackframe only lowers the Std dev by a few percent. The real limit of binning is one that isn't even adequately accounted for in the full-res "noise floor".