Hmm, well it's entertaining (and somewhat informative, I must admit) to see a rip-roaring tussle over working spaces again. Thanks!
Not to hijack the thread, but I did see a couple posts that seemed reminiscent of the concept about converting to a final output space that is small, e.g., sRGB - what is the current thinking about the idea advanced in the past that one can get a better final result by converting in steps - e.g., from ProPhoto (large) original to AdobeRGB (smaller) as a transition, then to final destination sRGB?
Some of the image examples posted earlier in this thread seem intended to support this scheme, no?
John
JWL Images
Emeryville, CA
Hey John ... you most certainly are not hijacking the thread because I started it and the whole thrust was the advantage of using as small a workspace as possible, so that Perceptual mappings would cause the least damage possible.
The corollary to this is that if you prefer to work in a large working space, as many of us do for various reasons, then there may be an advantage when doing a Perceptual mapping to first convert the image to a smaller working space. The reason for this, as I've tried to explain with little success

, is that a Perceptual mapping effectively 'squeezes' the working space gamut (or some approximation of it) into the destination gamut. The result may be that saturated colors in the image will end up less saturated. As i1Profiler says: "The perceptual intent is intended to preserve the look and feel of the original image, maintaining tone and detail as a first priority, and
saturation/color accuracy as a
second priority" (bold on 'saturation' and 'second priority' from me).
The idea behind the 2-step mapping is that the first step is a Relative Colorimetric one from the large working space to the smaller one (of course there is a need to watch out for out-of-gamut issues when doing this); followed by the 2nd step which a Perceptual mapping to the destination. What this should do is to reduce the desaturating effect of the Perceptual mapping from the original (large) workspace.
There is no advantage to using a 2-step approach for Relative or Absolute Colorimetric but there should be for Perceptual and Saturation. Since converting from any workspace to another workspace (say ProPhoto to sRGB) is always Relative Colorimetric, there is no benefit from doing a 2-step from ProPhoto to sRGB. The destination profile has to be for print (or to output profiles that use LUTs).
If we do not want to use this 2-step approach (but do want to try to get a better Perceptual mapping), the various profiling programs offer some alternative mechanisms:
i1Profiler gives some controls to attempt to improve the Perceptual mapping (for example to weight the profile towards saturation ... presumably at the expense of color accuracy). You can also optimize the profile to your particular image (I don't know what the effect is, except, presumably, to add additional spot colors to reduce the amount of interpolation required).
ArgyllCMS has a more intelligent algorithm, I think. When you build a profile with Argyll you specify the source gamut. So you can specify, for example, that your source gamut is AdobeRGB and then the profile knows that your images will all be within AdobeRGB, so the Perceptual mapping is only from AdobeRGB and not some bigger gamut: this should reduce the desaturating effect of the Perceptual mapping.
With Argyll you can go quite a big step further as you can build the profile for a specific image (or for a range of images). The Perceptual mapping is then fully optimized to that image (or range of images), so it should give the best Perceptual mapping. The downside is that you can't use this profile for other images.
Robert