Leica M10-P vs Panasonic FZ200

The Leica M10-P and the Panasonic Lumix DMC-FZ200 are two digital cameras that were revealed to the public, respectively, in August 2018 and July 2012. The M10-P is a rangefinder-focusing mirrorless camera, while the FZ200 is a fixed lens compact. The cameras are based on a full frame (M10-P) and a 1/2.3-inch (FZ200) sensor. The Leica has a resolution of 23.8 megapixels, whereas the Panasonic provides 12 MP.

Below is an overview of the main specs of the two cameras as a starting point for the comparison.

Headline Specifications

Leica M10-P		Panasonic FZ200
Rangefinder camera		Fixed lens compact camera
Leica M mount lenses		25-600mm f/2.8
23.8 MP – Full Frame sensor		12 MP – 1/2.3" sensor
no Video		1080/60p Video
ISO 100-50,000		ISO 100-3,200 (100 - 6,400)
Optical viewfinder		Electronic viewfinder (1312k dots)
3.0" LCD – 1037k dots		3.0" LCD – 460k dots
Fixed touchscreen		Swivel screen (not touch-sensitive)
5 shutter flaps per second		12 shutter flaps per second
Weathersealed body		not weather sealed
210 shots per battery charge		540 shots per battery charge
139 x 80 x 39 mm, 660 g		125 x 87 x 110 mm, 588 g

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Going beyond this snapshot of core features and characteristics, what are the differences between the Leica M10-P and the Panasonic Lumix DMC-FZ200? Which one should you buy? Read on to find out how these two cameras compare with respect to their body size, their imaging sensors, their shooting features, their input-output connections, and their reception by expert reviewers.

Body comparison

The side-by-side display below illustrates the physical size and weight of the Leica M10-P and the Panasonic FZ200. The two cameras are presented according to their relative size. Three successive views from the front, the top, and the rear are shown. All width, height and depth dimensions are rounded to the nearest millimeter.

The M10-P can be obtained in two different colors (black, silver), while the FZ200 is only available in black.

If the front view area (width x height) of the cameras is taken as an aggregate measure of their size, the Panasonic FZ200 is somewhat smaller (2 percent) than the Leica M10-P. It is worth mentioning in this context that the M10-P is splash and dust resistant, while the FZ200 does not feature any corresponding weather-sealing.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the FZ200 has a lens built in, whereas the M10-P is an interchangeable lens camera that requires a separate lens. Attaching the latter will add extra weight and bulk to the setup. You can compare the optics available for the M10-P and their specifications in the Leica M Lens Catalog.

Concerning battery life, the M10-P gets 210 shots out of its Leica BP-SCL5 battery, while the FZ200 can take 540 images on a single charge of its Panasonic DMW-BLC12 power pack.

The following table provides a synthesis of the main physical specifications of the two cameras and other similar ones. If you would like to visualize and compare a different camera combination, you can navigate to the CAM-parator app and make your selection from a broad list of cameras there.

Body Specifications

#		Camera Model	Camera Width	Camera Height	Camera Depth	Camera Weight	Battery Life	Weather Sealing	Camera Launch	Launch Price (USD)	Street Price
1.		Leica M10-P	139 mm	80 mm	39 mm	660 g	210	Y	Aug 2018	7,995	ebay.com
2.		Panasonic FZ200	125 mm	87 mm	110 mm	588 g	540	n	Jul 2012	599	ebay.com
3.		Canon 6D Mark II	144 mm	111 mm	75 mm	765 g	1200	Y	Jun 2017	1,999	amazon.com
4.		Canon SX60	128 mm	93 mm	114 mm	650 g	340	n	Sep 2014	549	ebay.com
5.		Canon SX50	123 mm	87 mm	106 mm	595 g	315	n	Sep 2012	429	ebay.com
6.		Leica M11	139 mm	80 mm	39 mm	640 g	700	Y	Jan 2022	8,995	amazon.com
7.		Leica M10-R	139 mm	80 mm	39 mm	660 g	210	Y	Jul 2020	8,295	ebay.com
8.		Leica Q2	130 mm	80 mm	92 mm	718 g	370	Y	Mar 2019	4,995	amazon.com
9.		Leica M-E Typ 240	139 mm	80 mm	42 mm	680 g	500	Y	Jun 2019	3,999	ebay.com
10.		Leica M10	139 mm	80 mm	39 mm	660 g	210	Y	Jan 2017	6,595	ebay.com
11.		Leica M Typ 262	139 mm	80 mm	42 mm	680 g	400	Y	Nov 2015	5,195	ebay.com
12.		Leica SL	147 mm	104 mm	39 mm	847 g	400	Y	Oct 2015	7,450	ebay.com
13.		Leica M Typ 240	139 mm	80 mm	42 mm	680 g	500	Y	Sep 2012	6,950	ebay.com
14.		Leica M9	139 mm	80 mm	37 mm	585 g	550	n	Sep 2009	7,999	ebay.com
15.		Panasonic FZ300	132 mm	92 mm	117 mm	691 g	380	Y	Jul 2015	599	amazon.com
16.		Panasonic FZ150	124 mm	82 mm	92 mm	528 g	410	n	Aug 2011	499	ebay.com
17.		Panasonic FZ100	124 mm	82 mm	92 mm	540 g	410	n	Jul 2010	499	ebay.com
Note: Measurements and pricing do not include easily detachable parts, such as add-on or interchangeable lenses or optional viewfinders.
Convert to Imperial

Any camera decision will naturally be influenced heavily by the price. The listed launch prices provide an indication of the market segment that the manufacturer of the cameras have been targeting. The FZ200 was launched at a lower price than the M10-P, despite having a lens built in. Usually, retail prices stay at first close to the launch price, but after several months, discounts become available. Later in the product cycle and, in particular, when the replacement model is about to appear, further discounting and stock clearance sales often push the camera price considerably down.

Sensor comparison

The imaging sensor is at the core of digital cameras and its size is one of the main determining factors of image quality. A large sensor will generally have larger individual pixels that offer better low-light sensitivity, provide wider dynamic range, and have richer color-depth than smaller pixels in a sensor of the same technological generation. Furthermore, a large sensor camera will give the photographer more possibilities to use shallow depth-of-field in order to isolate a subject from the background. On the downside, larger sensors tend to be associated with larger, more expensive camera bodies and lenses.

Of the two cameras under consideration, the Leica M10-P features a full frame sensor and the Panasonic FZ200 a 1/2.3-inch sensor. The sensor area in the FZ200 is 97 percent smaller. As a result of these sensor size differences, the cameras have a format factor of, respectively, 1.0 and 5.6. The sensor in the M10-P has a native 3:2 aspect ratio, while the one in the FZ200 offers a 4:3 aspect.

With 23.8MP, the M10-P offers a higher resolution than the FZ200 (12MP), but the M10-P nevertheless has larger individual pixels (pixel pitch of 6.00μm versus 1.53μm for the FZ200) due to its larger sensor. Moreover, the M10-P is a much more recent model (by 6 years and 1 month) than the FZ200, and its sensor will have benefitted from technological advances during this time that further enhance the light gathering capacity of its pixels. Coming back to sensor resolution, it should be mentioned that neither of the two cameras has an anti-alias filter installed, so they are able to capture all the detail the sensor resolves.

The resolution advantage of the Leica M10-P implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the M10-P for good quality output (200 dots per inch) amounts to 29.8 x 20 inches or 75.6 x 50.7 cm, for very good quality (250 dpi) 23.8 x 16 inches or 60.5 x 40.6 cm, and for excellent quality (300 dpi) 19.8 x 13.3 inches or 50.4 x 33.8 cm. The corresponding values for the Panasonic FZ200 are 20 x 15 inches or 50.8 x 38.1 cm for good quality, 16 x 12 inches or 40.6 x 30.5 cm for very good quality, and 13.3 x 10 inches or 33.9 x 25.4 cm for excellent quality prints.

The Leica M10-P has a native sensitivity range from ISO 100 to ISO 50000. The corresponding ISO settings for the Panasonic Lumix DMC-FZ200 are ISO 100 to ISO 3200, with the possibility to increase the ISO range to 100-6400.

In terms of underlying technology, the M10-P is build around a CMOS sensor, while the FZ200 uses a BSI-CMOS imager. Both cameras use a Bayer filter for capturing RGB colors on a square grid of photosensors. This arrangement is found in most digital cameras.

For many cameras, data on sensor performance has been reported by DXO Mark. This service assesses and scores the color depth ("DXO Portrait"), dynamic range ("DXO Landscape"), and low-light sensitivity ("DXO Sports") of camera sensors, and also publishes an overall camera score. The table below summarizes the physical sensor characteristics and sensor quality findings and compares them across a set of similar cameras.

Sensor Characteristics

#		Camera Model	Sensor Class	Resolution (MP)	Horiz. Pixels	Vert. Pixels	Video Format	DXO Portrait	DXO Landscape	DXO Sports	DXO Overall
1.		Leica M10-P	Full Frame	23.8	5952	3992	none	25.1	14.1	2739	93
2.		Panasonic FZ200	1/2.3	12.0	4000	3000	1080/60p	19.1	10.8	114	37
3.		Canon 6D Mark II	Full Frame	26.0	6240	4160	1080/60p	24.4	11.9	2862	85
4.		Canon SX60	1/2.3	14.2	4608	3072	1080/60p	19.2	10.8	127	39
5.		Canon SX50	1/2.3	12.0	4000	3000	1080/24p	20.3	11.2	179	47
6.		Leica M11	Full Frame	60.3	9528	6328	none	26.3	14.8	3376	100
7.		Leica M10-R	Full Frame	40.9	7864	5200	none	25.3	14.3	2924	95
8.		Leica Q2	Full Frame	46.7	8368	5584	4K/30p	26.4	13.5	2491	96
9.		Leica M-E Typ 240	Full Frame	23.7	5952	3976	1080/25p	25.2	14.2	2821	94
10.		Leica M10	Full Frame	23.8	5952	3992	none	24.4	13.2	2133	86
11.		Leica M Typ 262	Full Frame	23.7	5952	3976	none	24.8	13.7	2478	90
12.		Leica SL	Full Frame	24.0	6000	4000	4K/30p	25.0	13.4	1821	88
13.		Leica M Typ 240	Full Frame	23.7	5952	3976	1080/25p	24.0	13.3	1860	84
14.		Leica M9	Full Frame	18.1	5212	3472	none	22.5	11.7	884	69
15.		Panasonic FZ300	1/2.3	12.0	4000	3000	4K/30p	19.3	11.0	97	38
16.		Panasonic FZ150	1/2.3	12.0	4000	3000	1080/60p	19.4	10.9	132	40
17.		Panasonic FZ100	1/2.3	14.0	4320	3240	1080/60i	19.4	10.7	306	39
Note: DXO values in italics represent estimates based on sensor size and age.

Many modern cameras are not only capable of taking still images, but can also record movies. The FZ200 indeed provides for movie recording, while the M10-P does not. The highest resolution format that the FZ200 can use is 1080/60p.

Feature comparison

Apart from body and sensor, cameras can and do differ across a variety of features. For example, the FZ200 has an electronic viewfinder (1312k dots), while the M10-P has an optical one. Both systems have their advantages, with the electronic viewfinder making it possible to project supplementary shooting information into the framing view, whereas the optical viewfinder offers lag-free viewing and a very clear framing image. The viewfinders of both cameras offer the same field of view (100%), but the viewfinder of the M10-P has a higher magnification than the one of the FZ200 (0.73x vs 0.46x), so that the size of the image transmitted appears closer to the size seen with the naked human eye. The adjacent table lists some of the other core features of the Leica M10-P and Panasonic FZ200 along with similar information for a selection of comparators.

Core Features

#		Camera Model	Viewfinder (Type or 000 dots)	Control Panel (yes/no)	LCD Specifications (inch/000 dots)	LCD Attach- ment	Touch Screen (yes/no)	Max Shutter Speed *	Max Shutter Flaps *	Built-in Flash (yes/no)	Built-in Image Stab
1.		Leica M10-P	optical	n	3.0 / 1037	fixed	Y	1/4000s	5.0/s	n	n
2.		Panasonic FZ200	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/s	Y	Y
3.		Canon 6D Mark II	optical	Y	3.0 / 1040	swivel	Y	1/4000s	6.5/s	n	n
4.		Canon SX60	922	n	3.0 / 922	swivel	n	1/2000s	6.4/s	Y	Y
5.		Canon SX50	202	n	3.0 / 461	swivel	n	1/2000s	2.2/s	Y	Y
6.		Leica M11	optical	n	3.0 / 2333	fixed	Y	1/4000s	4.5/s	n	n
7.		Leica M10-R	optical	n	3.0 / 1037	fixed	Y	1/4000s	4.5/s	n	n
8.		Leica Q2	3680	n	3.0 / 1040	fixed	Y	1/2000s	10.0/s	n	Y
9.		Leica M-E Typ 240	optical	n	3.0 / 920	fixed	n	1/4000s	3.0/s	n	n
10.		Leica M10	optical	n	3.0 / 1037	fixed	n	1/4000s	5.0/s	n	n
11.		Leica M Typ 262	optical	n	3.0 / 921	fixed	n	1/4000s	3.0/s	n	n
12.		Leica SL	4400	Y	3.0 / 1040	fixed	Y	1/8000s	11.0/s	n	n
13.		Leica M Typ 240	optical	n	3.0 / 920	fixed	n	1/4000s	3.0/s	n	n
14.		Leica M9	optical	n	2.5 / 230	fixed	n	1/4000s	2.0/s	n	n
15.		Panasonic FZ300	1440	n	3.0 / 1040	swivel	Y	1/4000s	12.0/s	Y	Y
16.		Panasonic FZ150	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
17.		Panasonic FZ100	202	n	3.0 / 460	swivel	n	1/2000s	11.0/s	Y	Y
Note: *) Information refers to the mechanical shutter, unless the camera only has an electronic one.

One differentiating feature between the two cameras concerns the touch sensitivity of the rear screen. The M10-P has a touchscreen, while the FZ200 has a conventional panel. Touch control can be particularly helpful, for example, for setting the focus point.

The Leica M10-P has an intervalometer built-in. This enables the photographer to capture time lapse sequences, such as flower blooming, a sunset or moon rise, without purchasing an external camera trigger and related software.

Concerning the storage of imaging data, both the M10-P and the FZ200 write their files to SDXC cards. Both cameras can use UHS-I cards, which provide for Ultra High Speed data transfer of up to 104 MB/s.

Connectivity comparison

For some imaging applications, the extent to which a camera can communicate with its environment can be an important aspect in the camera decision process. The table below provides an overview of the connectivity of the Leica M10-P and Panasonic Lumix DMC-FZ200 and, in particular, the interfaces the cameras (and selected comparators) provide for accessory control and data transfer.

Input-Output Connections

#		Camera Model	Hotshoe Port	Internal Mic / Speaker	Microphone Port	Headphone Port	HDMI Port	USB Port	WiFi Support	NFC Support	Bluetooth Support
1.		Leica M10-P	Y	- / -	-	-	-	-	Y	-	-
2.		Panasonic FZ200	Y	stereo / mono	Y	-	mini	2.0	-	-	-
3.		Canon 6D Mark II	Y	stereo / mono	Y	-	mini	2.0	Y	Y	Y
4.		Canon SX60	Y	stereo / mono	Y	-	mini	2.0	Y	Y	-
5.		Canon SX50	Y	stereo / mono	-	-	mini	2.0	-	-	-
6.		Leica M11	Y	- / -	-	-	-	3.2	Y	-	Y
7.		Leica M10-R	Y	- / -	-	-	-	-	Y	-	-
8.		Leica Q2	Y	stereo / mono	-	-	-	-	Y	-	Y
9.		Leica M-E Typ 240	Y	mono / -	-	-	-	2.0	-	-	-
10.		Leica M10	Y	- / -	-	-	-	-	Y	-	-
11.		Leica M Typ 262	Y	- / -	-	-	-	2.0	-	-	-
12.		Leica SL	Y	stereo / mono	Y	Y	full	3.0	Y	-	-
13.		Leica M Typ 240	Y	stereo / mono	-	-	-	2.0	-	-	-
14.		Leica M9	Y	- / -	-	-	-	2.0	-	-	-
15.		Panasonic FZ300	Y	stereo / mono	Y	-	mini	2.0	Y	-	-
16.		Panasonic FZ150	Y	stereo / -	-	-	mini	2.0	-	-	-
17.		Panasonic FZ100	Y	stereo / mono	-	-	mini	2.0	-	-	-

It is notable that the M10-P offers wifi support, while the FZ200 does not. Wifi can be a very convenient means to transfer image data to an off-camera location.

Both the M10-P and the FZ200 have been discontinued, but can regularly be found used on ebay. The FZ200 was replaced by the Panasonic FZ300, while the M10-P does not have a direct successor. Further information on the features and operation of the M10-P and FZ200 can be found, respectively, in the Leica M10-P Manual (free pdf) or the online Panasonic FZ200 Manual.

Review summary

So what is the bottom line? Is the Leica M10-P better than the Panasonic FZ200 or vice versa? A synthesis of the relative strong points of each of the models is listed below.

Arguments in favor of the Leica M10-P:

• More detail: Offers more megapixels (23.8 vs 12MP) with a 43% higher linear resolution.
• Better image quality: Features a larger and more technologically advanced imaging sensor.
• Richer colors: The sensor size advantage translates into images with better, more accurate colors.
• More dynamic range: Larger sensor captures a wider spectrum of light and dark details.
• Better low-light sensitivity: Larger sensor produces good images even in poorly lit environments.
• Brighter framing: Features an optical viewfinder for clear, lag-free composition.
• Larger viewfinder image: Features a viewfinder with a higher magnification (0.73x vs 0.46x).
• More detailed LCD: Has a higher resolution rear screen (1037k vs 460k dots).
• Fewer buttons to press: Is equipped with a touch-sensitive rear screen to facilitate handling.
• Easier time-lapse photography: Has an intervalometer built-in for low frequency shooting.
• More flexible: Accepts interchangeable lenses, so that lens characteristics can be altered.
• Better sealing: Is weather sealed to enable shooting in dusty or wet environments.
• Easier file upload: Has wifi built in for automatic backup or image transfer to the web.
• More prestigious: Has the Leica luxury appeal, which ensures a high resale price.
• More modern: Reflects 6 years and 1 month of technical progress since the FZ200 launch.

Advantages of the Panasonic Lumix DMC-FZ200:

• Broader imaging potential: Can capture not only stills but also 1080/60p video.
• More framing info: Has an electronic viewfinder that displays shooting data.
• More flexible LCD: Has a swivel screen for odd-angle shots in portrait or landscape orientation.
• More selfie-friendly: Has an articulated screen that can be turned to be front-facing.
• Faster burst: Shoots at higher frequency (12 vs 5 flaps/sec) to capture the decisive moment.
• Ready to shoot: Has an integrated lens, whereas the M10-P necessitates an extra lens.
• Less heavy: Has a lower weight even though it has a lens built in (unlike the M10-P).
• Longer lasting: Gets more shots (540 versus 210) out of a single battery charge.
• Sharper images: Has stabilization technology built-in to reduce the impact of hand-shake.
• Easier fill-in: Has a small integrated flash to brighten shadows of backlit subjects.
• More affordable: Was introduced at a lower price, despite coming with a built-in lens.
• More heavily discounted: Has been around for much longer (launched in July 2012).

If the count of relative strengths (bullet points above) is taken as a measure, the M10-P emerges as the winner of the contest (15 : 12 points). However, the relevance of individual strengths will vary across photographers, so that you might want to apply your own weighing scheme to the summary points when reflecting and deciding on a new camera. A professional wildlife photographer will view the differences between cameras in a way that diverges from the perspective of a family photog, and a person interested in architecture has distinct needs from a sports shooter. Hence, the decision which camera is best and worth buying is often a very personal one.

In any case, while the comparison of technical specifications can provide a useful overview of the capabilities of different cameras, it remains incomplete and does no justice, for example, to the way the M10-P or the FZ200 perform in practice. At times, user reviews, such as those published at amazon, address these issues in a useful manner, but such feedback is on many occasions incomplete, inconsistent, and unreliable.

Expert reviews

This is why hands-on reviews by experts are important. The adjacent summary-table relays the overall verdicts of several of the most popular camera review sites (amateurphotographer [AP], cameralabs [CL], digitalcameraworld [DCW], dpreview [DPR], ephotozine [EPZ], photographyblog [PB]). As can be seen, the professional reviewers agree in many cases on the quality of different cameras, but sometimes their assessments diverge, reinforcing the earlier point that a camera decision is often a very personal choice.

Expert Camera Reviews

#		Camera   Model	AP   score	CL   score	DCW   score	DPR   score	EPZ   score	PB   score	Camera Launch	Launch Price (USD)	Street Price
1.		Leica M10-P	..	..	3/5	..	..	4/5	Aug 2018	7,995	ebay.com
2.		Panasonic FZ200	3/5	+ +	..	80/100	4.5/5	4.5/5	Jul 2012	599	ebay.com
3.		Canon 6D Mark II	4/5	+	4/5	80/100	4.5/5	4/5	Jun 2017	1,999	amazon.com
4.		Canon SX60	3/5	+ +	..	75/100	4/5	4.5/5	Sep 2014	549	ebay.com
5.		Canon SX50	3/5	+ +	..	72/100	4.5/5	4.5/5	Sep 2012	429	ebay.com
6.		Leica M11	4.5/5	..	4.5/5	..	4.5/5	4.5/5	Jan 2022	8,995	amazon.com
7.		Leica M10-R	4.5/5	..	4/5	..	..	4/5	Jul 2020	8,295	ebay.com
8.		Leica Q2	..	..	4.5/5	84/100	4.5/5	4/5	Mar 2019	4,995	amazon.com
9.		Leica M-E Typ 240	..	..	..	..	..	..	Jun 2019	3,999	ebay.com
10.		Leica M10	4.5/5	..	..	..	4/5	4.5/5	Jan 2017	6,595	ebay.com
11.		Leica M Typ 262	..	..	..	..	..	..	Nov 2015	5,195	ebay.com
12.		Leica SL	4/5	..	4/5	84/100	4.5/5	4/5	Oct 2015	7,450	ebay.com
13.		Leica M Typ 240	4/5	..	..	..	4/5	..	Sep 2012	6,950	ebay.com
14.		Leica M9	..	..	..	..	4.5/5	..	Sep 2009	7,999	ebay.com
15.		Panasonic FZ300	..	+ +	..	..	4.5/5	4.5/5	Jul 2015	599	amazon.com
16.		Panasonic FZ150	3/5	+ +	..	76/100	4/5	4.5/5	Aug 2011	499	ebay.com
17.		Panasonic FZ100	..	+	..	..	4.5/5	4.5/5	Jul 2010	499	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

The review scores listed above should be treated with care, though. The assessments were made in relation to similar cameras of the same technological generation. Hence, a score should always be seen in the context of the camera's market launch date and its price, and comparisons of ratings among very different cameras or across long time periods have little meaning. It should also be noted that some of the review sites have over time altered the way they render their verdicts.

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Other camera comparisons

Did this review help to inform your camera decision process? In case you are interested in seeing how other cameras pair up, just make your choice using the following search menu. Alternatively, you can follow any of the listed hyperlinks for comparisons that others found interesting.

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