Hi,
I do not think that exposure latitude is less for digital, infact it should be more. I am an avid reader of Practical Photography and if my memory serves me right, the editors are saying that exposure latitude is more on digital. Nevertheless, based on personal experience I can't comment as I have always been shooting digitally.
There are many ways to play around with B&W in PS, I normally use the Channel Mixer method + Levels + Curves + Burn n Dodge. Good luck....
Below is taken from another forum posted here fyi only.
Just for info, the below is taken from PRACTICAL PHOTOGRAPHY , April 2005, page26, Reasons to go Digital written by Guy Edwardes
www.guyedwardes.com
Advantages
-Instant feedback from the cam histogram and LCD .
-Lack of film grain enhances the apparent image quality,producing smoother more lifelike results.
-Digital sensors can record detail throughout a greater contrast range than film
-Fine control of colour and contrast maike it possible to match the original scene far more closely than would ever possible with film
-selective adjustments in post-production offer more control than filters and can produce a more natural result.
-no need to change film - a major benefit working in harsh conditions.
Disadvantages
- spend more time in front of the pc
- need investment in powerful pc and properly calibrated monitor
- authenticity of the image can be questioned
- reliance on battery
- digital noise at high ISO
- steep learning curve for those not acquainted with Photoshop.
His conclusion : I firmly believe that the many significant benefits outweigh the negative aspects
The above is not a word-for-word reproduction, but just a summary of main points.