Leica TL2 vs Panasonic TZ200

The Leica TL2 and the Panasonic Lumix DC-TZ200 (labelled Panasonic ZS200 in some countries) are two digital cameras that were announced, respectively, in July 2017 and February 2018. The TL2 is a mirrorless interchangeable lens camera, while the TZ200 is a fixed lens compact. The cameras are based on an APS-C (TL2) and an one-inch (TZ200) sensor. The Leica has a resolution of 24.1 megapixels, whereas the Panasonic provides 20 MP.

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

Headline Specifications

Leica TL2		Panasonic TZ200
Mirrorless system camera		Fixed lens compact camera
Leica T mount lenses		24-360mm f/3.3-6.4
24.1 MP – APS-C sensor		20 MP – 1" sensor
4K/30p Video		4K/30p Video
ISO 100-50,000		ISO 125-12,800 (80 - 25,600)
Viewfinder optional		Electronic viewfinder (2330k dots)
3.7" LCD – 1230k dots		3.0" LCD – 1240k dots
Fixed touchscreen		Fixed touchscreen
7 shutter flaps per second		10 shutter flaps per second
Lens stabilization only		In-body stabilization
250 shots per battery charge		370 shots per battery charge
134 x 69 x 33 mm, 399 g		111 x 65 x 45 mm, 340 g

Check TL2 offers at
ebay.com
Check TZ200 price at
amazon.com

Going beyond this snapshot of core features and characteristics, what are the differences between the Leica TL2 and the Panasonic Lumix DC-TZ200? 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

An illustration of the physical size and weight of the Leica TL2 and the Panasonic TZ200 is provided in the side-by-side display below. The two cameras are presented according to their relative size. Three consecutive perspectives from the front, the top, and the back are available. All width, height and depth measures are rounded to the nearest millimeter.

Both cameras are available in two different colors (black, silver).

If the front view area (width x height) of the cameras is taken as an aggregate measure of their size, the Panasonic TZ200 is notably smaller (22 percent) than the Leica TL2. In this context, it is worth noting that neither the TL2 nor the TZ200 are weather-sealed.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the TZ200 has a lens built in, whereas the TL2 is an interchangeable lens camera that requires a separate lens. Attaching the latter will add extra weight and bulk to the setup.

Concerning battery life, the TL2 gets 250 shots out of its Leica BP-DC13 battery, while the TZ200 can take 370 images on a single charge of its Panasonic DMW-BLG10 power pack. The battery packs of both cameras can be charged via USB, which can be very convenient when travelling.

The table below summarizes the key physical specs of the two cameras alongside a broader set of comparators. If you want to switch the focus of the display and review another camera pair, you can move across to the CAM-parator tool and choose from the broad selection of possible camera comparisons there.

Body Specifications

		Camera Model	Camera Width	Camera Height	Camera Depth	Camera Weight	Battery Life	Weather Sealing	Camera Launch	Launch Price	Street Price
1.		Leica TL2	134 mm	69 mm	33 mm	399 g	250	n	Jul 2017	US$ 1 949	ebay.com
2.		Panasonic TZ200	111 mm	65 mm	45 mm	340 g	370	n	Feb 2018	US$ 799	amazon.com
3.		Canon 200D	122 mm	93 mm	70 mm	453 g	650	n	Jun 2017	US$ 549	ebay.com
4.		Canon M6	112 mm	68 mm	45 mm	390 g	295	n	Feb 2017	US$ 779	ebay.com
5.		Canon M50	116 mm	88 mm	59 mm	390 g	235	n	Feb 2018	US$ 779	ebay.com
6.		Fujifilm X-A5	117 mm	68 mm	40 mm	361 g	450	n	Jan 2018	US$ 399	ebay.com
7.		Fujifilm X-E3	121 mm	74 mm	43 mm	337 g	350	n	Sep 2017	US$ 899	ebay.com
8.		Fujifilm X100F	127 mm	75 mm	52 mm	469 g	390	n	Jan 2017	US$ 1 299	ebay.com
9.		Leica C-LUX	113 mm	67 mm	46 mm	340 g	370	n	Jun 2018	US$ 1 049	ebay.com
10.		Leica CL	131 mm	78 mm	45 mm	403 g	220	n	Nov 2017	US$ 2 795	ebay.com
11.		Leica T	134 mm	69 mm	33 mm	384 g	400	n	Apr 2014	US$ 1 849	ebay.com
12.		Leica TL	134 mm	69 mm	33 mm	384 g	400	n	Nov 2016	US$ 1 695	ebay.com
13.		Panasonic FZ1000	137 mm	99 mm	131 mm	831 g	360	n	Jun 2014	US$ 899	ebay.com
14.		Panasonic GX9	124 mm	72 mm	47 mm	407 g	260	n	Feb 2018	US$ 849	ebay.com
15.		Panasonic LX15	106 mm	60 mm	42 mm	310 g	260	n	Sep 2016	US$ 699	amazon.com
16.		Panasonic TZ90	112 mm	67 mm	41 mm	322 g	380	n	Apr 2017	US$ 449	ebay.com
17.		Panasonic TZ100	111 mm	65 mm	44 mm	312 g	300	n	Jan 2016	US$ 699	ebay.com
Note: Measurements and pricing do not include easily detachable parts, such as add-on or interchangeable lenses or optional viewfinders.
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Any camera decision will naturally be influenced heavily by the price. 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 TZ200 was launched at a lower price than the TL2, 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. Then, after the new model is out, very good deals can frequently be found on the pre-owned market.

Sensor comparison

The size of the sensor inside a digital camera is one of the key determinants 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. 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 more expensive and lead to bigger and heavier cameras and lenses.

Of the two cameras under consideration, the Leica TL2 features an APS-C sensor and the Panasonic TZ200 an one-inch sensor. The sensor area in the TZ200 is 69 percent smaller. As a result of these sensor size differences, the cameras have a format factor of, respectively, 1.5 and 2.7. Both cameras have a native aspect ratio (sensor width to sensor height) of 3:2.

With 24.1MP, the TL2 offers a higher resolution than the TZ200 (20MP), but the TL2 nevertheless has larger individual pixels (pixel pitch of 3.92μm versus 2.41μm for the TZ200) due to its larger sensor. However, the TZ200 is a somewhat more recent model (by 7 months) than the TL2, and its sensor might have benefitted from technological advances during this time that enhance the light gathering capacity of its pixels. Coming back to sensor resolution, it should be mentioned that the TL2 has no anti-alias filter installed, so that it can capture all the detail its sensor resolves.

The resolution advantage of the Leica TL2 implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the TL2 for good quality output (200 dots per inch) amounts to 30.1 x 20.1 inches or 76.4 x 51 cm, for very good quality (250 dpi) 24.1 x 16.1 inches or 61.1 x 40.8 cm, and for excellent quality (300 dpi) 20 x 13.4 inches or 50.9 x 34 cm. The corresponding values for the Panasonic TZ200 are 27.4 x 18.2 inches or 69.5 x 46.3 cm for good quality, 21.9 x 14.6 inches or 55.6 x 37.1 cm for very good quality, and 18.2 x 12.2 inches or 46.3 x 30.9 cm for excellent quality prints.

The Leica TL2 has a native sensitivity range from ISO 100 to ISO 50000. The corresponding ISO settings for the Panasonic Lumix DC-TZ200 are ISO 125 to ISO 12800, with the possibility to increase the ISO range to 80-25600.

Technology-wise, both cameras are equipped with CMOS (Complementary Metal–Oxide–Semiconductor) sensors. Both cameras use a Bayer filter for capturing RGB colors on a square grid of photosensors. This arrangement is found in most digital cameras.

Since 2007, DXO Mark has published sensor performance measurements that have been derived using a consistent methodology. This service determines an overall sensor rating, as well as sub-scores for low-light sensitivity ("DXO Sports"), dynamic range ("DXO Landscape"), and color depth ("DXO Portrait"). 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 TL2	APS-C	24.1	6014	4014	4K/30p	23.9	13.3	1753	82
2.		Panasonic TZ200	1-inch	20.0	5472	3648	4K/30p	22.0	12.2	449	64
3.		Canon 200D	APS-C	24.0	6000	4000	1080/60p	23.6	13.4	1041	79
4.		Canon M6	APS-C	24.0	6000	4000	1080/60p	23.4	12.6	1317	78
5.		Canon M50	APS-C	24.0	6000	4000	4K/24p	23.8	13.3	1684	81
6.		Fujifilm X-A5	APS-C	24.0	6000	4000	4K/15p	24.0	13.3	1800	82
7.		Fujifilm X-E3	APS-C	24.0	6000	4000	4K/30p	23.9	13.3	1764	82
8.		Fujifilm X100F	APS-C	24.0	6000	4000	1080/60p	23.9	13.2	1704	81
9.		Leica C-LUX	1-inch	20.0	5472	3648	4K/30p	22.1	12.3	481	64
10.		Leica CL	APS-C	24.1	6014	4014	4K/30p	24.0	13.3	1788	82
11.		Leica T	APS-C	16.2	4944	3278	1080/30p	23.0	12.7	1082	75
12.		Leica TL	APS-C	16.1	4928	3264	1080/30p	23.9	13.2	1690	81
13.		Panasonic FZ1000	1-inch	20.0	5472	3648	4K/30p	22.1	11.7	517	64
14.		Panasonic GX9	Four Thirds	20.2	5184	3888	4K/30p	23.1	12.8	1163	74
15.		Panasonic LX15	1-inch	20.0	5472	3648	4K/30p	21.9	12.0	315	62
16.		Panasonic TZ90	1/2.3	20.2	5184	3888	4K/30p	19.1	10.6	106	36
17.		Panasonic TZ100	1-inch	20.0	5472	3648	4K/30p	22.8	12.5	559	70
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 also of capturing video footage. The two cameras under consideration both have sensors whose read-out speed is fast enough to capture moving pictures, and both provide the same movie specifications (4K/30p).

Feature comparison

Apart from body and sensor, cameras can and do differ across a range of features. For example, the TZ200 has an electronic viewfinder (2330k dots), which can be very helpful when shooting in bright sunlight. In contrast, the TL2 relies on live view and the rear LCD for framing. That said, the TL2 can be equipped with an optional viewfinder – the Visoflex (Typ 020). The following table reports on some other key feature differences and similarities of the Leica TL2, the Panasonic TZ200, 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 TL2	optional	n	3.7 / 1230	fixed	Y	1/4000s	7.0/s	n	n
2.		Panasonic TZ200	2330	n	3.0 / 1240	fixed	Y	1/2000s	10.0/s	Y	Y
3.		Canon 200D	optical	n	3.0 / 1040	swivel	Y	1/4000s	5.0/s	Y	n
4.		Canon M6	optional	n	3.0 / 1040	tilting	Y	1/4000s	9.0/s	Y	n
5.		Canon M50	2360	n	3.0 / 1040	swivel	Y	1/4000s	10.0/s	Y	n
6.		Fujifilm X-A5	none	n	3.0 / 1040	tilting	Y	1/4000s	6.0/s	Y	n
7.		Fujifilm X-E3	2360	n	3.0 / 1040	fixed	Y	1/4000s	8.0/s	n	n
8.		Fujifilm X100F	2360	n	3.0 / 1040	fixed	n	1/4000s	8.0/s	Y	n
9.		Leica C-LUX	2330	n	3.0 / 1240	fixed	Y	1/2000s	10.0/s	Y	Y
10.		Leica CL	2360	Y	3.0 / 1040	fixed	Y	1/8000s	10.0/s	n	n
11.		Leica T	optional	n	3.7 / 1230	fixed	Y	1/4000s	5.0/s	Y	n
12.		Leica TL	optional	n	3.7 / 1230	fixed	Y	1/4000s	5.0/s	Y	n
13.		Panasonic FZ1000	2359	n	3.0 / 921	swivel	n	1/4000s	12.0/s	Y	Y
14.		Panasonic GX9	2760	n	3.0 / 1240	tilting	Y	1/4000s	9.0/s	Y	Y
15.		Panasonic LX15	none	n	3.0 / 1040	tilting	Y	1/4000s	10.0/s	Y	Y
16.		Panasonic TZ90	1166	n	3.0 / 1040	tilting	Y	1/2000s	10.0/s	Y	Y
17.		Panasonic TZ100	1166	n	3.0 / 1040	fixed	Y	1/2000s	10.0/s	Y	Y
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 TZ200 has one, while the TL2 does not. While the built-in flash of the TZ200 is not very powerful, it can at times be useful as a fill-in light.

The reported shutter speed information refers to the use of the mechanical shutter. Yet, some cameras only have an electronic shutter, while others have an electronic shutter in addition to a mechanical one. In fact, the TZ200 is one of those camera that have an additional electronic shutter, which makes completely silent shooting possible. However, this mode is less suitable for photographing moving objects (risk of rolling shutter) or shooting under artificial light sources (risk of flickering).

The Panasonic TZ200 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 TL2 and the TZ200 write their files to SDXC cards. The TL2 supports UHS-II cards (Ultra High Speed data transfer of up to 312 MB/s), while the TZ200 can use UHS-I cards (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 TL2 and Panasonic Lumix DC-TZ200 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 TL2	Y	stereo / mono	-	-	micro	3.0	Y	-	-
2.		Panasonic TZ200	-	stereo / mono	-	-	micro	2.0	Y	-	Y
3.		Canon 200D	Y	stereo / mono	Y	-	mini	2.0	Y	Y	Y
4.		Canon M6	Y	stereo / mono	Y	-	mini	2.0	Y	Y	Y
5.		Canon M50	Y	stereo / mono	Y	-	micro	2.0	Y	-	Y
6.		Fujifilm X-A5	Y	stereo / mono	Y	-	micro	2.0	Y	-	Y
7.		Fujifilm X-E3	Y	stereo / mono	Y	-	micro	2.0	Y	-	Y
8.		Fujifilm X100F	Y	stereo / mono	Y	-	micro	2.0	Y	-	-
9.		Leica C-LUX	-	stereo / mono	-	-	micro	2.0	Y	-	-
10.		Leica CL	Y	stereo / mono	-	-	-	-	Y	-	-
11.		Leica T	Y	stereo / mono	-	-	-	2.0	Y	-	-
12.		Leica TL	Y	stereo / mono	-	-	micro	2.0	Y	-	-
13.		Panasonic FZ1000	Y	stereo / mono	Y	-	micro	2.0	Y	Y	-
14.		Panasonic GX9	Y	stereo / mono	-	-	micro	2.0	Y	-	Y
15.		Panasonic LX15	-	stereo / mono	-	-	micro	2.0	Y	-	-
16.		Panasonic TZ90	-	stereo / mono	-	-	micro	2.0	Y	-	-
17.		Panasonic TZ100	-	stereo / mono	-	-	micro	2.0	Y	-	-

It is notable that the TL2 has a hotshoe, while the TZ200 does not. This socket makes it possible to easily attach optional accessories, such as an external flash gun.

The TZ200 is a recent model that features in the current product line-up of Panasonic. In contrast, the TL2 has been discontinued (but can be found pre-owned on ebay). There has not been a direct replacement model for the TL2 from Leica. Further information on the features and operation of the TL2 and TZ200 can be found, respectively, in the Leica TL2 Manual (free pdf) or the online Panasonic TZ200 Manual.

Review summary

So how do things add up? Which of the two cameras – the Leica TL2 or the Panasonic TZ200 – has the upper hand? Is one clearly better than the other? The listing below highlights the relative strengths of the two models.

Arguments in favor of the Leica TL2:

• More detail: Offers more megapixels (24.1 vs 20MP) with a 10% higher linear resolution.
• Maximized detail: Lacks an anti-alias filter to exploit the sensor's full resolution potential.
• Better image quality: Features bigger pixels on a larger sensor for higher quality imaging.
• Richer colors: The pixel size advantage translates into images with better, more accurate colors.
• More dynamic range: Larger pixels capture a wider spectrum of light and dark details.
• Better low-light sensitivity: Larger pixels means good image quality even under poor lighting.
• Larger screen: Has a bigger rear LCD (3.7" vs 3.0") for image review and settings control.
• Faster shutter: Has higher mechanical shutter speed (1/4000s vs 1/2000s) to freeze action.
• More flexible: Accepts interchangeable lenses, so that lens characteristics can be altered.
• Better lighting: Features a hotshoe and can thus hold and trigger an external flash gun.
• Faster data transfer: Supports a more advanced USB protocol (3.0 vs 2.0).
• Faster buffer clearing: Supports a more advanced SD data transfer standard (UHS-II vs UHS-I).
• More prestigious: Has the Leica luxury appeal, which ensures a high resale price.
• More heavily discounted: Has been on the market for longer (launched in July 2017).

Reasons to prefer the Panasonic Lumix DC-TZ200:

• Better moiré control: Has an anti-alias filter to avoid artificial patterns to appear in images.
• Easier framing: Has an electronic viewfinder for image composition and settings control.
• Faster burst: Shoots at higher frequency (10 vs 7 flaps/sec) to capture the decisive moment.
• Less disturbing: Has an electronic shutter option for completely silent shooting.
• Easier time-lapse photography: Has an intervalometer built-in for low frequency shooting.
• Ready to shoot: Has an integrated lens, whereas the TL2 necessitates an extra lens.
• More compact: Is smaller (111x65mm vs 134x69mm) and will fit more readily into a bag.
• Less heavy: Has a lower weight even though it has a lens built in (unlike the TL2).
• Longer lasting: Gets more shots (370 versus 250) 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.
• Easier wireless transfer: Supports Bluetooth for image sharing without cables.
• More affordable: Was introduced at a lower price, despite coming with a built-in lens.
• More modern: Was introduced somewhat (7 months) more recently.

If the count of relative strengths (bullet points above) is taken as a measure, the match-up finishes in a tie (14 points each). 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 wedding photographer will view the differences between cameras in a way that diverges from the perspective of a travel photog, and a person interested in cityscapes has distinct needs from a macro shooter. Hence, the decision which camera is best and worth buying is often a very personal one.

How about other alternatives? Do the specifications of the Leica TL2 and the Panasonic TZ200 place the cameras among the top in their class? Find out in the latest Best Mirrorless Interchangeable Lens Camera and Best Superzoom Camera listings whether the two cameras rank among the cream of the crop.

In any case, while the comparison of the spec-sheets of cameras can offer a general idea of their imaging potential, it remains incomplete and does no justice, for example, to the way the TL2 or the TZ200 perform in practice. User reviews, such as those found at amazon, can sometimes inform about these issues, but such feedback is often incomplete, inconsistent, and biased.

Expert reviews

This is why expert reviews are important. The following table reports the overall ratings of the cameras as published by some of the major 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	Street Price
1.		Leica TL2	3.5/5	..	3/5	..	4/5	4/5	Jul 2017	US$ 1 949	ebay.com
2.		Panasonic TZ200	..	+ +	4.5/5	81/100	4.5/5	4.5/5	Feb 2018	US$ 799	amazon.com
3.		Canon 200D	4/5	+ +	4/5	78/100	4.5/5	4.5/5	Jun 2017	US$ 549	ebay.com
4.		Canon M6	..	..	..	80/100	4/5	4/5	Feb 2017	US$ 779	ebay.com
5.		Canon M50	..	+	4/5	79/100	..	3.5/5	Feb 2018	US$ 779	ebay.com
6.		Fujifilm X-A5	..	+	4.1/5	..	4/5	3.5/5	Jan 2018	US$ 399	ebay.com
7.		Fujifilm X-E3	4.5/5	+	4.5/5	84/100	4.5/5	4.5/5	Sep 2017	US$ 899	ebay.com
8.		Fujifilm X100F	5/5	+	3.9/5	83/100	4.5/5	4.5/5	Jan 2017	US$ 1 299	ebay.com
9.		Leica C-LUX	..	..	3.5/5	..	4.5/5	4/5	Jun 2018	US$ 1 049	ebay.com
10.		Leica CL	..	..	4.2/5	..	..	4/5	Nov 2017	US$ 2 795	ebay.com
11.		Leica T	3/5	..	..	..	4/5	4/5	Apr 2014	US$ 1 849	ebay.com
12.		Leica TL	..	..	..	..	..	4/5	Nov 2016	US$ 1 695	ebay.com
13.		Panasonic FZ1000	4/5	+ +	..	82/100	4.5/5	4.5/5	Jun 2014	US$ 899	ebay.com
14.		Panasonic GX9	4/5	+	4/5	84/100	4.5/5	4.5/5	Feb 2018	US$ 849	ebay.com
15.		Panasonic LX15	..	+ +	4/5	81/100	4/5	4.5/5	Sep 2016	US$ 699	amazon.com
16.		Panasonic TZ90	..	+ +	4/5	..	4/5	4/5	Apr 2017	US$ 449	ebay.com
17.		Panasonic TZ100	4.5/5	+ +	..	82/100	4.5/5	4.5/5	Jan 2016	US$ 699	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

Care should be taken when interpreting the review scores above, though. The assessments were made in relation to similar cameras of the same technological generation. A score, therefore, has to be seen in close connection to the price and market introduction time of the camera, and comparing ratings of very distinct cameras or ones that are far apart in terms of their release date 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

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