cowpunk52
Veteran
I wouldn't call 50 Mbps MPEG-2 "much more powerful" than 24 Mbps H.264. I would call them the same, as far as compression artifacts. The Canon does have 4:2:2 color subsampling, but that is not technically the codec, it's the color subsampling, and still even if you lumped that in, I wouldn't call it "much more powerful."
In my experience with Canon's XF Codec, it is far superior to any 24 Mbps AVC codec I've compared it to (that would be AF100, FS100, HMC150 & GH2) in terms of compression artifacts and handling high detail, especially with motion - and that's not even mentioning the benefits from color sampling. There's a reason 50Mbps mpeg-2 is broadcast approved 24Mbps h.264 is not. I keep hearing that "theoretically they could perform the same or similar," but I've never seen this to be the case in practise.
I'll do a side by side test when I get some time to demonstrate.