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Shooting wide open LX7 F1.4 is 0.7stop faster than RX100 F1.8 so
ISO 1000 vs. ISO1600
ISO 2000 vs. ISO3200
ISO 4000 vs. ISO6400
This is kinda what I was thinking, although the RX seem to be about 1/3 under exposing SOOC. So perhaps more like a stop. But that is only on the wide end, on the long end (and along the way to the long end), the gap is a little more (f2.3 vs. f4.9).
I will play with them both and post some stuff again later, although everything I am seeing tells me that the RX is a better choice for detail, color and outright resolving power, while the LX7 does low light better in all circumstances due to its faster lens on the long end, and the IS/VR works much better.
Here is what I will attempt today. Handheld and same settings for :-
Landscape; portrait; macro.
For some lowlight, I will use Av to show what you can expect from both in the same situations.
Please don't expect a DPR or IR type review/test, just a gearhead playing type thing.