When we use a Phase One IQ4 we got another range of quality, for example a 16bit RAW from a Phase One has 4x the dinamic range/colors increased over the 14 bit raw cameras (full frame/1.5x.1.6x or 2x crop factor)
This means that i have to do fewer images over HDR, so in many situations no braketing needed, as you said less time and also fewer images for the final shot! When the enviroment changes very rapidly, the sunset/sunrise, the clouds, are not moving as fast. when the perfect conditions are met time is key, we may got the chance to get the same conditiones next day or maybe next month or next year! light changes very quickly when shooting landscapes. When we can control the light off course that you can work and have more time to finish a panorama, but to landscapes is a total different world!
the digital image is composed by bytes data, a jpeg has 8 bits of data, this means that every photodiodes from the sensor camera knows to capture light in 256 different steps (from the darkest to the brightest) the same case in displays LED, knows to light every Red/Green/Blue (RGB) led in maximul 256 different steps, when all the RGB led works toghether they compose a color, for example Red is 238/green is 67 and blue at 145 is created a pink color or #ee4391 known as his unique #code.
So from the 8bite image to a 10bit image or how they call now HDR the TV-s there is a 4x the quality of colors
8bit/channel or 24bit color depth has - 256 levels from darkest point to the whitest (16.7 millions of colors: 256 levels of red x 256 levels of green x 256 levels of blue)
9bit/channel has - 512 levels from darkest point to the whitest
10bit/channel has 1024 levels from darkest point to the whitest ( 1.07 billions of colors : 1024 levels of red x1024 levels of blue x1024 levels of green )
11bit /channel 2048 levels
12bit /channel 4096 levels
13bit/channel 8192 levels
14bit/channel has16384 levels for every red, green and blues photodiodes from the sensor can capture the darkest point to the whitest, here are most of the consumer DSLR and Mirrorless cameras
15bit/channel has 32768 levels
16bit/channel has 65536 levels for every red, green and blues photodiodes, this are the Phase One sensor capabilities and also the high quality cinema cameras ( red digital, arri alexa, etc) (281474 billions of colors that can recreate)
Some scientist said that the human eye has about 24bit/channel capabilities in levels of capture from the darkest point to the whitest and the eye can distinguish about 10 million colors. but in using this camera is not only about the colors, is also about the HDR capabilities and the sensor size that is 53,4. by 40mm. The image has a more natural feeling. Also the lens has better quality in color rendering, this means less distorsions, less chromatic aberations.