You don’t seem to recognize that indeed there is an adjustment in ACR.You don’t seem to recognize that the histogram shown in ACR tells you very little if anything about the actual exposure. You don’t seem to recognize this histogram is a rendered histogram of the current editing settings. Move exposure slider or highlight all the way to the right. Or left! How’s that histogram look? How does that Histogram correlate to your exposure of the raw data? It does not! Now try Rawdigge.
Of course I realize that there are thousands of adjustments that have been made from the time I press the shutter button to the time the file is demosaiced in Adobe Camera Raw. Those adjustments are in accordance with the camera design and the software design. I have little control over them.
ACR is the software I've been using for many years. If I were dissatisfied with it, I'd switch to other software, just as I switched from Canon to Nikon many years ago. The D700 was my first Nikon camera which replaced my Canon 5D
As I've mentioned before, if nothing appears to be blown in the highlights and nothing appears to be wrong or odd, then it's of no concern to me. If it ain't broke then don't fix it.
Also, how could you possibly assume that anyone would use ACR without making adjustments with the sliders. I move various sliders from left to right every time I process a RAW image. I obviously must know how it changes the histogram. Did you miss the point that the image in my previous post was to show how it looked
before I'd made any adjustments.
Sometimes I'll move the exposure slider to the right, even though the image does not look underexposed, and compensate for it by moving the highlights and whites sliders to the left, because that has the desired effect on other parts of the image.
My general procedure is to process the image first in ACR, moving the appropriate sliders, and making other adjustments till the image looks right, then fine tune the image after opening in Photoshop in 16 bit mode using the ProPhoto RGB color space. Okay?