Q: What is the meaning of LW/PH (MTF50) ?
A: LW/PH means "Line widths per picture height" - it's basically a unit for resolution (not sharpness which is a combination of contrast and resolution) limited by the max. resolution of the camera's image sensor. You shouldn't take the LW/PH value itself too seriously because it is dependent on a number of factors. The analyzing tool (Imatest) is quite vulnerable to the quality of the source material. All PZ sample images are taken as RAW files and converted via Photoshop ACR (default settings without automatic image correction and contrast set to 0). If you convert RAWs via other imaging applications the LW/PH figures will be lower or higher due to the different sharpening & contrast algorithms. In the future I will probably drop the LW/PHs in favor of a school mark system which is easier to read. Refer to the reference scale on the left of the MTF charts to classify the quality.