Bensyverson, I know something about signal processing, anyway this may be getting off topic.
High sampling rate and one bit depth is a different method than sampling at a frequency just above the Nyquist limit and several bith depts, It is like Pulse Width Modulation vs. Pulse Amplitude modulation. In the first the amplitude does not matter because the information is in the pulse width. In the latter, the information is in the amplitude and that is why you need several bit depth (practically limited as you say by SNR)
My point is that there is not an in between. It is not like as you increase sampling rate you can lower bit rate in a linear way. They are 2 different methods. PAM needs a sampling rate above twice the max frequency to be able to reconstruct the signal, PWM needs a rate over 1 order of magnitude higher than max frequency of your input signal or more. That's why the Korg 1 bit sound recorders use 2.8 or 5.6 MHz.
In PAM you measure the amplitude of the imput signal, in PWM you compare it to a reference signal. It is a different approach.
The way to reconstruct the signal is also different. With PAM you need a Digital to analog converter, with PWM a low pass filter will do (or an integrator).
You are right that you could create a full color image with 1 bit per pixel trough a Bayer filter, the limitations of the human eye will do as a low pass filter
I also agree that histogram do not correlate directly to image quality. It is just that in the 1 bit high frequency sampling approach, a histogram to be useful should be constructed from pulse width data and not from signal amplitude.
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