Since shake reduction is more a correction, I'd be inclined to suggest you run that after capture sharpening [...]
Hi Andrew,
In general, shake reduction algorithms do best when the data they get to process is as un-modified as possible. That means that distortion correction, sharpening, contrast adjustments, and noise reduction, are best postponed till after the shake reduction. In fact, these algorithms usually even perform better on linear gamma, only demosaiced, data.
Seen in that light, it's slightly odd that the Shake Reduction function is offered as a post-processing filter only, and not as part of ACR (where it could be used as Capture sharpening, also of unshaken files, as well), followed by al the other 'Raw' corrections.
[...] but before creative sharpening. Best to be creative on data you've 'fixed' first.
Yes, it makes more sense to get creative when you know what to base that on.
Cheers,
Bart