Just went for a studio shoot the other day and was dismayed that I could not use my Nikon 50mm f/1.4 lens.
Reason was because the studio lights were pretty strong and as I was using an S1 Pro at ISO 320 (it can't go lower than 320) I needed to set my aperture to a minimum of f/22. This value was based on rough calculation from the metered value of f/11 at ISO 100 from the light meter.
Now here's the problem. The 50mm f/1.4 can only close down to f/16 and no further. I needed f/22. As I was rushing for time, I switched lens and didn't bother with reducing strength of the studio lights.
But now thinking about it, would it have produced the correct exposure if I used the lens at f/16 and compensated with -EV 1 stop? Logically this would work, but I'd like to hear from the experts. What are the side-effects of compensating for over-exposure like so? Loss of details? Less accurate colors? hmm.