Hard to judge from the sample image. But in general, raw files capture wider dynamic range than JPEG, and when processed skilfully the result should be superior to straight out of camera JPEG. There is numerous technical reasons for that. Also...
Just checked and no new FW available. Unless they roll it out gradually around the globe and Australia will get it later, the 01.01.700 is the current FW.
As far as I know the latest M3P FW 01.01.700 was released back in July 2024. If there is any newer I have not received notification yet. I can check tomorrow by connecting my RC Pro to my home wifi network and will report back if a notification...
For anyone wanting to achieve the best possible IQ there is only one way and that is shooting DNG and "develop". There is obviously more work involved because all raw files need to be "developed" using specialised software such as Photoshop or...