Daniel,
thanks for your comment, and interesting question about the processing. I guess the short answer is "because it wouldn't make a difference for what I'm doing with the images for now".
I simply lack the hardware to properly display or print larger files, my screen is 1280x1024 and my computer is struggling with handling large amounts of 6MP JPGS in a timely manner. Even the upsacled 12MP files that the Fuji RAW converter produces are getting tedious to mork with, so I don't even want to think about 16 bit TIFFs right now. I mainly use my images for my personal enjoyment and as desktop backgrounds, so higher quality really would be lost on the output media for now.
This is not true for color and other camera and lens specific image characteristics though, and pano stitching allows angles of view or deph of field otherwise not possible with my hardware. Also, I still consider myself to be at the steep end of learning curve, and what I'm struggling with most is getting the perspective just right (ever tried visualising a 100° angle of view with a 35mm lens on a crop camera?) and firing off all those 15 frames before the light changes, without camera shake induced ba adjusting the pano head... stuff like that. As a side note, I find the common pano heads highly inadequate, a downright ridiculous design unless you really need to do 360° spherical panos, which I'm not interested in at all.
Just in case, I have started to also record RAWs so I have the option to make the most of them later in case I manage to capture a scene that is worth it. For now, I'm working on the shooting process itself, there's always time for more careful processing later when I have the skill, the software and the need to produce bigger files.
Regards,
David