The final step to your question about RAW levels is a trivial one with your D7000. Take one exposure at 0 eV. Take two exposures at -1 EV, average the two RAW files, do +1 EV compensation on the averaged RAW file. Take four exposures at -2 EV, average the four RAW files, do +2 EV on the averaged RAW file. Are there any differences in the mid tones of these three scenarios? If yes, RAW levels matter, if no RAW levels don't matter only SNR. If you can't average RAW files on your own the application PhotoAcute will do it for you and has a free trial download with a bit of water marking you can work around for this test.
Let us know what you find out.
Why would I want to do that? There are all sorts of procedures one could adopt in order to get a particular result. I'm only concerned with what's of benefit in the field or the studio. I'm not a laboratory technician.
I once spent some time testing the stacking feature in Photoshop Extended. The principle is, one takes a number of shots of a static scene, say 5 or 8. When the images are stacked using the appropriate mode in Photoshop, the 'best' pixels from each frame are automatically selected to result in an image with lower noise and better detail. The improvement is very obvious at high ISO, with a reduction in noise and a corresponding increase in detail (number of 'real image' levels) equivalent to about 2 stops, maybe a bit less.
The issue for me is, in what circumstances would this technique be useful in the field. I could find only one circumstance where this might be useful, and that was when the scene was static, I had no tripod, and the light was poor, requiring use of a high ISO for a reasonably fast shutter speed to freeze camera movement.
If I were really careful, with steady hand, perhaps leaning against a tree, I could take about 5 shots at say ISO 1600 and 1/25th, and get a 'stacked' result roughly equivalent to a single ISO 400 shot taken on a tripod at a shutter speed of 1/6th.
P.S. Apologies if I've been missing what you are asking in all the semantics - the thread is confusing to say the least.
Apologies accepted, but why are you confused? Noise is a problem because it obscures detail (read levels). If there's no detail to be obscured, then ETTR is surely less of a concern because any unwanted, visible noise can be easily removed in noise reduction programs, or even the noise reduction slider in ACR.