You are right, PTGui normally doesn't require the Panotools dll. But
pano12.dll is still needed in these cases:
- if 'Optimize using Panorama Tools' is chosen
- if 'Warp using Panorama Tools' is chosen
- and for the Correct function in the Source Images tab
I can't think of a good reason to still use Panotools for warping. But
the Panotools optimizer is still needed if you need to optimize line
type control points. PTGui doesn't call the PTOptimizer application (it
didn't exist yet when the first version was released) but rather it
calls into the pano12.dll optimizer function.
The Correct function may still be useful for correcting CA, although I
think there are better tools for that like Adobe RAW.
Joost