I disagree with them being equivalent as you dodge and burn in both methods so take that out of the equation. or consider that dodging and burning is a given .
I may end up closing this thread due to the next comments
It is common practice in PS to curve shape all three main regions,Highlight, Midtones, Shadows by making layers , creating a curve that best takes care of each region.
Each area is maximized and has a different curve shape, then one flattens and prints... I am implying that one singe curve shape does not equal the method of apply three distinct curve shapes.
This is what I believe and have observed happening with using multiple filters on the enlarger.. to the point that I can mimic prints made either way to an critical factor.
Pfiltz - I strongly suggest starting by making some prints with both methods and see for yourself which one suits your immediate needs.
Originally Posted by Michael R 1974