Hi Slobodan,
Here comes a short explanation, while I think it is lens flare.
To begin with, lens flare measurements usually give a figure of about 0.5%, that would limit DR 1/200 which is 7.6 EV. Normally, only a small part of the image is very bright so lens flare effects are mostly not so severe.
Now, lets look at the P45+ histograms. Please note that I use logarithmic Y-axis, which show small pixel counts well. You can see a spike, which I would guess corresponds to the sky. Blue and red channels are around +2EV and the red channel is at around +1EV.
Looking at the green curve you see that it starts dropping rapidly at -4.5EV and reaches 5K (5000 samples of that intensity) at around -5EV, but it continues to drop smoothly and there is no noise floor. Just a single count below -8EV. Now check the red curves, you see that it crosses 5K pixels at -6.5 EV. On the left, there are a lot of spikes. What I think we see is just a manifestation of shot noise in the darkest areas.
Now let's look at the Sony Alpha 99 image:
Here the blue and green peaks are about 1/3 EV left of the P45+ image, indicating 1/3 EV less exposure. The 5K limit is reached about the same time but the drop to the noise floor is much steeper. I assume that we have some lens flare causing this. In addition the dark areas that are pushed +4EV indicate the Alpha 99 image is brighter, although it has less exposure.
Now, there could be some other explanations than lens flare. The histograms here come from RawDigger so they are not affected by raw processing. Different tone curves could make the shadows differently bright in the raw processor.
It may be reasonable that the 24-70/2.8 ZA lens has a bit more flare than the Distagon 50/4 CF FLE, the zoom has 17 elelements in 13 groups, that is 26 reflecting surfaces, while the Distagon has 9 lenses in 8 groups, that is 16 surfaces. Both are T* coated. If we assume that coating reduces reflection to 0.5% it would mean that
0.995^26 * 100 = 88% of the light reaches the sensor and 12% bounces around in the lens. With the Distagon in would be 0.995^16 * 100 = 92% would reach the sensor and about 8% bouncing around in the lens.
It could be argued that present generation T* is better than T* 20 years ago, but it could be also argued that baffling reflected light may be easier in a prime lens than in a zoom with groups moving around.
BTW, it is always good to try to explain things, you see things in a different light.
Best regards
Erik
Why lens flare? Isn't it simply greater dynamic range, i.e., the ability to show details/contrast in deeper shadows (in this case) and brighter highlights?