When I open a raw file from ACR into Photoshop as a smart object, does the smart object preserve all of the raw data from the original raw file?
Suppose I deleted the original raw file and saved the PSD file with the smart object in it. Obviously I can still double-click the smart object icon and re-open the image in ACR. But is all the original raw data still available for editing in ACR? Or am I now seeing just a rasterized version of the original raw file?
It's the original raw file, and all raw data is preserved. However changes made as a smart object will not be saved in the original xmp sidecar file.
Thanks very much.