I have noticed slight differences in the colors between native raw files and DNG files created with the DNG Converter, when both are processed in LR. How closely should I expect DNGs to match the native files, and what explains any differences?
DNG and native raw files will process exactly the same (with the same settings). If you are seeing differences, you must have introduced the differences yourself.
To echo what Jeff has said, have you checked all the settings to see that they're identical? Once you've got two files, the settings for each are remembered separately.
Thanks. I thought I had reset both files, but maybe not. After a reset, they are identical.