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I just shot a two hour concert with the TM700 in 24p and a hacked GH1 with a 20mm and also the zoom 14-140. I was in the back of the balcony. I had never used the TM700, so we just hit the button, basically, after wasting some time finding the 24p setting (we googled it on the iPhone, after a few annoying minutes with the menus and then the manual). I was shooting a stage that had a lot of detail--finely carved wood, instruments with strings, brass fixtures with detail and curves and so on. Looking at the unprocessed footage on a 40" 1080p monitor, I preferred the TM700 to the 14-140 on the GH13 by a slight but comfortable margin when two feet from the screen. Going back to four feet, a lot of the tiny differences just disappear. With the 20mm, you can get that depth of field, but I have to say the TM700 always held its own and is very easy to use, it has a great lens and the image is like a rock, and the image is amazingly sharp. For me the fan noise was not an issue, but I recorded the audio separately.
I also need to have reliable autofocus for some events and a camera that will hold focus while zooming. This because I've done some gigs where really long continuous shots had to be made (conferences, weddings) and zooming in and out becomes necessary to keep the footage interesting.
Being able to set the color temperature manually is huge for us. .
Thanks for your input DrDave! If I understand correctly, in low light Canon HV20 might seem to be more sensitive (might look brighter) but TM700 has better colors (more saturated) and less noise. Is this correct?Re: Low light. I have the HV20 and the HF10 and HF100's as well. I actually very slightly prefer the latter two to the HV20. The HV20 is a tad better on the stair stepping, however. But the HF100 and HF10 have a real pronounced sharpness. Also the anamorphic deal on the HV20 gets old fast, I prefer square pixels. Maybe when shooting in Ultra, ultra low light the Canons have a tad more sensitivity. But the TM700 seemed to produce a more solid image from a distance on the tripod, and there was a bit more color in the colors, if that makes any sense. Also, what noise there was from the TM700 was fine grained, not blotchy, which contributed to the overall image. So if you are thinking of upgrading the HV20 I think you will enjoy the TM700, but for low, low light the GH13 with the Panny 20mm or the 5D Mk II maybe better.
Not 35mm equivalent as far as those F stops concerns, though.The TM700 lens is a 35-420mm (equiv) f1.5– 2.8 Leica lens.