I was talking with a friend the other day and we started discussing lens diameter with respect to exposure, etc. Say you have a 200mm f/4 and a 200mm f/2.8 lens. Same subject, lighting, etc AND they are both shot at the same aperture (say f/5.6). The aperture is the same, but the objective diameter of the lens is larger. Wouldn't this change your exposure on a subject? It seems like you are letting in more light to begin with, so a faster shutter speed would give you the same exposure? Or maybe I am way off the mark here??
The particular interest of this discussion was supertelephoto lenses-say a 400mm f/2.8 with 1.4x converter vs. a 500mm f/4 for low light work. It seems that the 400 wins out with its larger diameter (weight, focal length, etc. are irrelevant here, just theoretically speaking). Thoughts???


