Leica M8 vs Panasonic FZ200

The Leica M8 and the Panasonic Lumix DMC-FZ200 are two digital cameras that were announced, respectively, in September 2006 and July 2012. The M8 is a rangefinder-focusing mirrorless camera, while the FZ200 is a fixed lens compact. The cameras are based on an APS-H (M8) and a 1/2.3-inch (FZ200) sensor. The Leica has a resolution of 10.4 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 M8		Panasonic FZ200
Rangefinder camera		Fixed lens compact camera
Leica M mount lenses		25-600mm f/2.8
10.4 MP – APS-H sensor		12 MP – 1/2.3" sensor
no Video		1080/60p Video
ISO 160-2,500		ISO 100-3,200 (100 - 6,400)
Optical viewfinder		Electronic viewfinder (1312k dots)
2.5" LCD – 230k dots		3.0" LCD – 460k dots
Fixed screen (not touch-sensitive)		Swivel screen (not touch-sensitive)
2 shutter flaps per second		12 shutter flaps per second
550 shots per battery charge		540 shots per battery charge
139 x 80 x 37 mm, 591 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 M8 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 M8 and the Panasonic FZ200. The two cameras are presented according to their relative size. Three consecutive views from the front, the top, and the rear side are shown. All width, height and depth dimensions are rounded to the nearest millimeter.

The M8 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 M8. In this context, it is worth noting that neither the M8 nor the FZ200 are weather-sealed.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the FZ200 has a lens built in, whereas the M8 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 M8 and their specifications in the Leica M Lens Catalog.

Concerning battery life, the M8 gets 550 shots out of its Leica BLI-312 battery, while the FZ200 can take 540 images on a single charge of its Panasonic DMW-BLC12 power pack.

The adjacent table lists the principal physical characteristics of the two cameras alongside a wider set of alternatives. 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 M8	139 mm	80 mm	37 mm	591 g	550	n	Sep 2006	5,499	ebay.com
2.		Panasonic FZ200	125 mm	87 mm	110 mm	588 g	540	n	Jul 2012	599	ebay.com
3.		Canon SX60	128 mm	93 mm	114 mm	650 g	340	n	Sep 2014	549	ebay.com
4.		Canon SX50	123 mm	87 mm	106 mm	595 g	315	n	Sep 2012	429	ebay.com
5.		Canon T3	130 mm	100 mm	78 mm	495 g	700	n	Feb 2011	449	ebay.com
6.		Canon XTi	127 mm	84 mm	65 mm	556 g	370	n	Aug 2006	799	ebay.com
7.		Leica M10	139 mm	80 mm	39 mm	660 g	210	Y	Jan 2017	6,595	ebay.com
8.		Leica M Typ 262	139 mm	80 mm	42 mm	680 g	400	Y	Nov 2015	5,195	ebay.com
9.		Leica M9	139 mm	80 mm	37 mm	585 g	550	n	Sep 2009	7,999	ebay.com
10.		Nikon D3000	126 mm	97 mm	64 mm	536 g	500	n	Jul 2009	599	ebay.com
11.		Nikon D5000	127 mm	104 mm	80 mm	590 g	510	n	Apr 2009	749	ebay.com
12.		Nikon D40X	124 mm	94 mm	64 mm	522 g	520	n	Mar 2007	729	ebay.com
13.		Nikon D80	132 mm	103 mm	77 mm	668 g	600	n	Aug 2006	999	ebay.com
14.		Panasonic FZ300	132 mm	92 mm	117 mm	691 g	380	Y	Jul 2015	599	amazon.com
15.		Panasonic FZ150	124 mm	82 mm	92 mm	528 g	410	n	Aug 2011	499	ebay.com
16.		Panasonic FZ100	124 mm	82 mm	92 mm	540 g	410	n	Jul 2010	499	ebay.com
17.		Panasonic L10	135 mm	96 mm	78 mm	556 g	450	n	Aug 2007	599	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

The price is, of course, an important factor in any camera decision. The retail prices at the time of the camera’s release place the model in the market relative to other models in the producer’s line-up and the competition. The FZ200 was launched at a lower price than the M8, despite having a lens built in. Normally, street prices remain initially close to the MSRP, but after a couple of months, the first discounts appear. 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 size of the imaging sensor is a crucial determinant of image quality. All other things equal, a large sensor will have larger individual pixel-units that offer better low-light sensitivity, wider dynamic range, and richer color-depth than smaller pixels in a sensor of the same technological generation. Moreover, a large sensor camera will give the photographer more control over depth-of-field in the image and, thus, the ability to better 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 M8 features an APS-H sensor and the Panasonic FZ200 a 1/2.3-inch sensor. The sensor area in the FZ200 is 94 percent smaller. As a result of these sensor size differences, the cameras have a format factor of, respectively, 1.3 and 5.6. The sensor in the M8 has a native 3:2 aspect ratio, while the one in the FZ200 offers a 4:3 aspect.

Despite having a smaller sensor, the FZ200 offers a higher resolution of 12 megapixels, compared with 10.4 MP of the M8. This megapixels advantage comes at the cost of a higher pixel density and a smaller size of the individual pixel (with a pixel pitch of 1.53μm versus 6.84μm for the M8). However, it should be noted that the FZ200 is much more recent (by 5 years and 10 months) than the M8, and its sensor will have benefitted from technological advances during this time that make it possible to gather light more efficiently. 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 Panasonic FZ200 implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the FZ200 for good quality output (200 dots per inch) amounts to 20 x 15 inches or 50.8 x 38.1 cm, for very good quality (250 dpi) 16 x 12 inches or 40.6 x 30.5 cm, and for excellent quality (300 dpi) 13.3 x 10 inches or 33.9 x 25.4 cm. The corresponding values for the Leica M8 are 19.7 x 13.2 inches or 50 x 33.4 cm for good quality, 15.7 x 10.5 inches or 40 x 26.7 cm for very good quality, and 13.1 x 8.8 inches or 33.3 x 22.3 cm for excellent quality prints.

The Leica M8 has a native sensitivity range from ISO 160 to ISO 2500. 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 M8 is build around a CCD 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.

Consistent information on actual sensor performance is available from DXO Mark for many cameras. This service is based on lab testing and assigns an overall score to each camera sensor, as well as ratings for dynamic range ("DXO Landscape"), color depth ("DXO Portrait"), and low-light sensitivity ("DXO Sports"). Of the two cameras under review, the M8 provides substantially higher image quality than the FZ200, with an overall score that is 22 points higher. This advantage is based on 2 bits higher color depth, 0.5 EV in additional dynamic range, and 2.5 stops in additional low light sensitivity. The following table provides an overview of the physical sensor characteristics, as well as the sensor quality measurements for a selection of comparators.

Sensor Characteristics

#		Camera Model	Sensor Class	Resolution (MP)	Horiz. Pixels	Vert. Pixels	Video Format	DXO Portrait	DXO Landscape	DXO Sports	DXO Overall
1.		Leica M8	APS-H	10.4	3936	2630	none	21.1	11.3	663	59
2.		Panasonic FZ200	1/2.3	12.0	4000	3000	1080/60p	19.1	10.8	114	37
3.		Canon SX60	1/2.3	14.2	4608	3072	1080/60p	19.2	10.8	127	39
4.		Canon SX50	1/2.3	12.0	4000	3000	1080/24p	20.3	11.2	179	47
5.		Canon T3	APS-C	12.2	4272	2848	720/30p	21.9	11.0	755	62
6.		Canon XTi	APS-C	10.1	3888	2592	none	22.1	11.0	664	62
7.		Leica M10	Full Frame	23.8	5952	3992	none	24.4	13.2	2133	86
8.		Leica M Typ 262	Full Frame	23.7	5952	3976	none	24.8	13.7	2478	90
9.		Leica M9	Full Frame	18.1	5212	3472	none	22.5	11.7	884	69
10.		Nikon D3000	APS-C	10.0	3872	2592	none	22.3	11.1	563	62
11.		Nikon D5000	APS-C	12.2	4288	2848	720/24p	22.7	12.5	868	72
12.		Nikon D40X	APS-C	10.0	3872	2592	none	22.4	11.4	516	63
13.		Nikon D80	APS-C	10.0	3872	2592	none	22.1	11.2	524	61
14.		Panasonic FZ300	1/2.3	12.0	4000	3000	4K/30p	19.3	11.0	97	38
15.		Panasonic FZ150	1/2.3	12.0	4000	3000	1080/60p	19.4	10.9	132	40
16.		Panasonic FZ100	1/2.3	14.0	4320	3240	1080/60i	19.4	10.7	306	39
17.		Panasonic L10	Four Thirds	10.0	3648	2736	none	21.3	10.8	429	55
Note: DXO values in italics represent estimates based on sensor size and age.

Many modern cameras cannot only take still pictures, but also record videos. The FZ200 indeed provides for movie recording, while the M8 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 M8 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 following table reports on some other key feature differences and similarities of the Leica M8, the Panasonic FZ200, and comparable cameras.

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 M8	optical	n	2.5 / 230	fixed	n	1/8000s	2.0/s	n	n
2.		Panasonic FZ200	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/s	Y	Y
3.		Canon SX60	922	n	3.0 / 922	swivel	n	1/2000s	6.4/s	Y	Y
4.		Canon SX50	202	n	3.0 / 461	swivel	n	1/2000s	2.2/s	Y	Y
5.		Canon T3	optical	n	2.7 / 230	fixed	n	1/4000s	3.0/s	Y	n
6.		Canon XTi	optical	n	2.5 / 230	fixed	n	1/4000s	3.0/s	Y	n
7.		Leica M10	optical	n	3.0 / 1037	fixed	n	1/4000s	5.0/s	n	n
8.		Leica M Typ 262	optical	n	3.0 / 921	fixed	n	1/4000s	3.0/s	n	n
9.		Leica M9	optical	n	2.5 / 230	fixed	n	1/4000s	2.0/s	n	n
10.		Nikon D3000	optical	n	3.0 / 230	fixed	n	1/4000s	3.0/s	Y	n
11.		Nikon D5000	optical	n	2.7 / 230	full-flex	n	1/4000s	4.0/s	Y	n
12.		Nikon D40X	optical	n	2.5 / 230	fixed	n	1/4000s	3.0/s	Y	n
13.		Nikon D80	optical	n	2.5 / 230	fixed	n	1/4000s	3.0/s	Y	n
14.		Panasonic FZ300	1440	n	3.0 / 1040	swivel	Y	1/4000s	12.0/s	Y	Y
15.		Panasonic FZ150	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
16.		Panasonic FZ100	202	n	3.0 / 460	swivel	n	1/2000s	11.0/s	Y	Y
17.		Panasonic L10	optical	n	2.5 / 207	swivel	n	1/4000s	3.0/s	Y	n
Note: *) Information refers to the mechanical shutter, unless the camera only has an electronic one.

One difference between the cameras concerns the presence of an on-board flash. The FZ200 has one, while the M8 does not. While the built-in flash of the FZ200 is not very powerful, it can at times be useful as a fill-in light.

Concerning the storage of imaging data, both the M8 and the FZ200 write their files to SDXC cards. The FZ200 supports UHS-I cards (Ultra High Speed data transfer of up to 104 MB/s), while the M8 cannot take advantage of Ultra High Speed SD cards.

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 M8 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 M8	Y	- / -	-	-	-	2.0	-	-	-
2.		Panasonic FZ200	Y	stereo / mono	Y	-	mini	2.0	-	-	-
3.		Canon SX60	Y	stereo / mono	Y	-	mini	2.0	Y	Y	-
4.		Canon SX50	Y	stereo / mono	-	-	mini	2.0	-	-	-
5.		Canon T3	Y	stereo / mono	-	-	mini	2.0	-	-	-
6.		Canon XTi	Y	- / -	-	-	-	2.0	-	-	-
7.		Leica M10	Y	- / -	-	-	-	-	Y	-	-
8.		Leica M Typ 262	Y	- / -	-	-	-	2.0	-	-	-
9.		Leica M9	Y	- / -	-	-	-	2.0	-	-	-
10.		Nikon D3000	Y	- / -	-	-	-	2.0	-	-	-
11.		Nikon D5000	Y	mono / mono	-	-	mini	2.0	-	-	-
12.		Nikon D40X	Y	- / -	-	-	-	2.0	-	-	-
13.		Nikon D80	Y	- / -	-	-	-	2.0	-	-	-
14.		Panasonic FZ300	Y	stereo / mono	Y	-	mini	2.0	Y	-	-
15.		Panasonic FZ150	Y	stereo / -	-	-	mini	2.0	-	-	-
16.		Panasonic FZ100	Y	stereo / mono	-	-	mini	2.0	-	-	-
17.		Panasonic L10	Y	- / -	-	-	-	2.0	-	-	-

Both the M8 and the FZ200 have been discontinued, but can regularly be found used on ebay. The M8 was replaced by the Leica M9, while the FZ200 was followed by the Panasonic FZ300. Further information on the features and operation of the M8 and FZ200 can be found, respectively, in the Leica M8 Manual (free pdf) or the online Panasonic FZ200 Manual.

Review summary

So what is the bottom line? Is the Leica M8 better than the Panasonic FZ200 or vice versa? Below is a summary of the relative strengths of each of the two contestants.

Arguments in favor of the Leica M8:

• Better image quality: Scores substantially higher (22 points) in the DXO overall assessment.
• Richer colors: Generates images with noticeably better colors (2 bits more color depth).
• Better low-light sensitivity: Requires less light for good images (2.5 stops ISO advantage).
• Brighter framing: Features an optical viewfinder for clear, lag-free composition.
• Faster shutter: Has higher mechanical shutter speed (1/8000s vs 1/4000s) to freeze action.
• More flexible: Accepts interchangeable lenses, so that lens characteristics can be altered.
• More prestigious: Has the Leica luxury appeal, which ensures a high resale price.
• More heavily discounted: Has been available for much longer (launched in September 2006).

Reasons to prefer the Panasonic Lumix DMC-FZ200:

• More detail: Has more megapixels (12 vs 10.4MP), which boosts linear resolution by 6%.
• Broader imaging potential: Can capture not only stills but also 1080/60p video.
• More framing info: Has an electronic viewfinder that displays shooting data.
• Larger screen: Has a bigger rear LCD (3.0" vs 2.5") for image review and settings control.
• More detailed LCD: Has a higher resolution rear screen (460k vs 230k dots).
• 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 2 flaps/sec) to capture the decisive moment.
• Ready to shoot: Has an integrated lens, whereas the M8 necessitates an extra lens.
• Less heavy: Has a lower weight even though it has a lens built in (unlike the M8).
• 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.
• Faster buffer clearing: Has an SD card interface that supports the UHS-I standard.
• More affordable: Was introduced at a lower price, despite coming with a built-in lens.
• More modern: Reflects 5 years and 10 months of technical progress since the M8 launch.

If the number of relative strengths (bullet points above) is taken as a guide, the FZ200 is the clear winner of the contest (15 : 8 points). However, the pertinence of the various camera strengths will differ across photographers, so that you might want to weigh individual camera traits according to their importance for your own imaging needs before making a camera decision. 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 specs-based evaluation of cameras can be instructive in revealing their potential as photographic tools, it remains incomplete and does no justice, for example, to the way the M8 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 expert reviews 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 M8	..	..	..	+ +	..	..	Sep 2006	5,499	ebay.com
2.		Panasonic FZ200	3/5	+ +	..	80/100	4.5/5	4.5/5	Jul 2012	599	ebay.com
3.		Canon SX60	3/5	+ +	..	75/100	4/5	4.5/5	Sep 2014	549	ebay.com
4.		Canon SX50	3/5	+ +	..	72/100	4.5/5	4.5/5	Sep 2012	429	ebay.com
5.		Canon T3	..	80/100	..	69/100	4/5	4.5/5	Feb 2011	449	ebay.com
6.		Canon XTi	..	+ +	..	+ +	o	4/5	Aug 2006	799	ebay.com
7.		Leica M10	4.5/5	..	..	..	4/5	4.5/5	Jan 2017	6,595	ebay.com
8.		Leica M Typ 262	..	..	..	..	..	..	Nov 2015	5,195	ebay.com
9.		Leica M9	..	..	..	..	4.5/5	..	Sep 2009	7,999	ebay.com
10.		Nikon D3000	..	+	..	72/100	4/5	4.5/5	Jul 2009	599	ebay.com
11.		Nikon D5000	..	+ +	..	75/100	4/5	4.5/5	Apr 2009	749	ebay.com
12.		Nikon D40X	..	79/100	..	+ +	4/5	4/5	Mar 2007	729	ebay.com
13.		Nikon D80	..	+	..	+ +	o	4.5/5	Aug 2006	999	ebay.com
14.		Panasonic FZ300	..	+ +	..	..	4.5/5	4.5/5	Jul 2015	599	amazon.com
15.		Panasonic FZ150	3/5	+ +	..	76/100	4/5	4.5/5	Aug 2011	499	ebay.com
16.		Panasonic FZ100	..	+	..	..	4.5/5	4.5/5	Jul 2010	499	ebay.com
17.		Panasonic L10	..	85/100	..	+	3.5/5	4/5	Aug 2007	599	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

Care should be taken when interpreting the review scores above, though. The ratings are only valid when referring to cameras in the same category and of the same age. Hence, a score should always be seen in the context of the camera's market launch date and its price, and rating-comparisons among cameras that span long time periods or concern very differently equipped models make little sense. 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? If you would like to see a different side-by-side camera review, just make a corresponding selection in the search boxes below. As an alternative, you can also directly jump to any one of the listed comparisons that were previously generated by the CAM-parator tool.

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