In an Adobe raw workflow, doesn't matter! Use ProPhoto RGB:
sRGB urban legend Part 1
In this 30 minute video I'll cover:
Is there benefit or harm using a wider color gamut working space than the image data?
Should sRGB image data always be encoded into sRGB?
What are RGB working spaces and how do they differ?
What is Delta-E and how we use it to evaluate color differences.
Color Accuracy: what it really means, how we measure it!
Using Photoshop to numerically and visually see color differences when using differing working spaces.
Using ColorThink Pro and BableColor CT&A to show the effects of differing working space on our data and analyzing if using a smaller gamut working space is necessary.
Appendix: testing methodology, how differing raw converters encode into working spaces, capturing in-camera JPEG data and color accuracy.
Low resolution (YouTube): https://www.youtube.com/watch?v=1w0zUIl-dzY
High resoution: http://digitaldog.net/files/sRGBMyths.mp4
Hi Andrew. As usual, a nice video and useful if you are someone who believes whoever it is who said that colors in one color space are colorimetrically more accurate than in another.
Of course that isn't the issue at all ... it is because a wider gamut, given the same image bit-depth, will have greater interpolation errors. That's a simple mathematical fact. So if the image gamut fits into a smaller color space, then all things being equal it's preferable to use the smaller color space. Admittedly this isn't so much of an issue with 16 bits.
Also, if your destination is for the web then you will sooner or later have to convert to sRGB. If you are working in a color space with a much larger gamut there is a very real risk of clipping (which can be adjusted for with soft-proofing, but the potential need for adjustment will always be present). So if you know that your image is going to the web then you are better rendering it to sRGB than going to the wider-gamut color space first. In addition, every time you convert an image from one color space to another you will introduce color shifts.
Again, if your monitor is 100% (or thereabouts) Adobe RGB, you are better being in Adobe RGB or sRGB as wider color spaces allow you to make adjustments to your image that are not visible (or rather, they will be automatically mapped to monitor RGB).
If your image has colors which are beyond Adobe RGB (easily seen by soft-proofing in Lightroom, for example) but are capable of being printed (again, you can see this with soft-proofing), well then by all means use a larger color space like Beta RGB or ProPhoto. But then you do need to know what you are doing to avoid (potentially) ugly results on print.
So it's a question of using the right tools for the job. If the desire is to simplify the workflow and to minimize the risk of artifacts then Adobe RGB is probably the best choice (at this point in time) for most of us with our Adobe RGB monitors. If our images are always going to go to the web and not to print then we would be well advised to stick to sRGB. If we typically have quite saturated images and wish to get the most saturated colors from our printer, well then a working space like ProPhoto might be the best choice for us. If, like me, you're quite happy to process images differently for different output ... well then use all three.
Cheers,
Robert