Neuro, or anyone else. Please enlighten me then. Let me know if I am wrong with the following....
Camera 1: I shoot a scene (or test chart) with an object that is dark gray, let's say 75% black. My photo shows that object, and everything that is darker, to be 100% black.
Camera 2: Same scene. My photo now shows that 75% black object to be a dark gray and now objects need to be 90% black or darker show up as black in my photo.
Does camera 2 have greater DR then camera 1? I would say yes.
That’s not really how it works. To achieve what you have just described you’d need a scene with a large EV range, let’s say 12 from the brightest highlight to the lowest lowlight. Assuming both cameras are 14 bit digital and you have taken a spot meter reading from the brightest point, overexposing from the meter reading of say 3.5 stops - the highest highlight your two cameras can record. (Aka the zone system principle).
The recording of black or grey would depend on the profile curve applied to the converted image, and if the black point on one is raised to hide electronic noise. Without that profile they’d both record the grey, but the one with “lower DR” ( think say Canon 5DII vs Sony A7) would include some rather unpleasant blotchy colour noise. The higher DR camera would also include colour noise, but it would be finer and less obvious, and so people shout hallelujah and claim greater dynamic range. Also that kind of noise is easier to eliminate with NR and so some people said, in 2012, we’re all going to switch to Sony and Canon will never sell another camera.
So all these cameras have the same dynamic range, it just depends on where you draw the line with acceptable shadow noise, and how much that can be cleaned up - look at Canon now applying subtle NR to deep lowlights to gain a higher “DR rating” and everyone is over the moon.
If you want to see real dramatic dynamic range try shooting modern negative film. Here you can correctly expose for the shadows, and so keep optimal tonality, and allow the highest highlights to be 8 stops over a reflected 18% meter reading ! Now that is a significant increase in dynamic range.
So to go back to your original piece; if the limitations of a sensor means that the black point has to be lifted to hide colour noise then assuming the brightest highlights are in the image too, you’re going to have full white to black contrast in a more compressed range, and tonality may suffer compared with a sensor where the black point can be much further down the range of the 14 bit sensor.
I should add; all these DR arguments have been basically over lifting black, hence the craze around 2012 for taking pictures with the lens cap on, and then lifting the image to see what it looked like. So pretty much any camera I can think of from the past and present would be able to define your grey, unless you were taking a purposely underexposed image, and even then the points I made above would be relevant.