Brucej67 wrote:
Elements lacks features that Photoshop handles such as 14 and 16 bit processing....
Are you aware that Elements uses the same Adobe Camera Raw "engine" as Photoshop and Lightroom, and that when you shoot and work with RAW files in Elements you actually ARE actually working in 16 bit mode? There's a lot of incorrect info floating around about that. (Note: Cameras shoot 14 bit, but the software interpolates it as 16 bit.)
ACR in Photoshop is a separate module that can be updated independently from the rest of the program. ACR in both Elements and Lightroom is fully "embedded" in those programs, so when an ACR update is done you need to download and install the entire program.
The "8 bit limitation" of Elements means that some filters and functions aren't accessible until after a RAW file has been converted (the same is true in Photoshop, though to a lesser degree)... and, most notably, that you can't SAVE image files as 16 bit TIFFs or PSDs. But the vast majority of uses should be saved in an 8 bit format anyway.
16 bit is most important when doing editing such as exposure adjustments, tweaking contrast, retouching gradients, etc... and so long as you're working from a RAW file, that's what you're already doing in Elements.
The vast majority of non-commercial image uses require or are best done with an 8 bit file of a common type, such as a JPEG. If you're printing at home with an inkjet, there's no benefit to 16 bit and it may not be possible with some printers. Even if it's possible, it will merely slow down the printing job. And if you're sending images out to a printing service, many of them require an 8 bit file type.
A shortcoming of Elements 8 bit limitation is that you can't save a file mid-process and then come back to re-open to do more work on it later as a 16 bit file. You can do that with Photoshop. So, in other words, if you don't complete the work on a RAW in Elements and save it, the saved file will be 8 bit.... or if you change your mind about how you edited it after a file has been saved in 8 bit... with Elements you'd have to go back to the original RAW and start over. Where this makes the biggest differences is if you've underexposed an image and need to brighten the image in post-processing.... shadow and gradient detail will hold up better in 16 bit mode, may be lost in 8 bit. But if you've completed that adjustment or if the image is already well-exposed and doesn't require this type of adjustment, then there's not much benefit.
One of the primary commercial reasons to save a 16 bit file type (hence needing Photoshop), is so a customer can later do their own editing of the image.
If, on the other hand, you're shooting JPEGs with your camera, none of the above applies or should be any concern The image has already been reduced to 8 bit mode and it serves no purpose to re-convert it back to 16 bit (which IS NOT possible in Elements, but IS possible in Photoshop... although it generally serves no purpose to do so).
Ultimately, a lot of the "8 bit limitations" of Elements are a myth.
If you've been using Elements and decide to "step up" to Photoshop, you should plan to also install and use Lightroom too. Elements is more a "stand alone" program. Photoshop and Lightroom are not. They are designed to complement each other, sort of like two sides of a coin. For example, Elements has some archive organizing tools that Photoshop lacks... but which can be found in Lightroom. And Elements lets you do editing work using layers and mask... which can't be done in Lightroom, but is possible in Photoshop. So in place of Elements, you are likely to need BOTH LR and PS.
Lightroom and Photoshop also don't have any of the built in support for new users, like those found in Elements. So plan on taking classes, watching tutorials, buying books and studying them to learn to use LR and PS well. Photoshop, in particular, is an extremely complex program that takes some effort to get up to speed using it effectively.