Okay, so here's my Vari-ND test. What you see (hopefully) below is a split-screen of the DSC Labs "Splash" Chart. On the left is the raw glass, no filter at all. On the right is the same shot with the Vari-ND in place, and set to "minimum ND" to best match the exposure (within reason). In Photoshop, I did a very simple levels adjustment, but nothing else.
Here's a resized JPG first…
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And a link to a larger JPG…
http://proofcreative.com/f.e.d./singh_test.jpg
And a link to a full-res TIFF file…
http://proofcreative.com/f.e.d./singh_test.tif
Thanks for posting this. I checked out the TIFF. What happens when you increase the ND?