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Dennis thanks, but the trouble I had was the lights were changing colour quite rapidly and also moving direction. I didn't set a custom white balance due to this and opted for AWB instead guessing that I could recover things to an extent later in RAW editing. I shot in manual, with spot metering to ensure my subject was in focus at F2.8 with IS, auto ISO, with varying shutter speeds.
My experience in shooting RAW is ok I guess, though having not shot concerts before, mostly sport and landscape, I've not previously experienced this "unpredictable" type of light. The highlights on the RAW images appear not to be there, and cannot be recovered in post processing. Instead I have this rather odd neon type effect on the RAW images. The Raw conversions I've shown are straight conversions to jpeg without any alteration/ post processing aside from my watermark. Believe me I did try to recover things in post processing to no avail.
So is this something I will have to expect when shooting in this type of lighting with the 1D mark4, it seems rather odd to me that the RAW images are being recorded in this way?! Is it perhaps a flaw?
It may well just be me, but something doesn't seem right about it. I guess it would be good to know if there is anyone who has experienced this same issue with the 1D mark 4 in these type of shooting conditions?