It is identical to the 32-bit format, except with more precision
and range due to using more bits. This format should comfortably
store any color information with precision easily exceeding the
limits of human vision.
This also makes encoding faster. However, it no longer does
rounding to the nearest precision when encoding, and insead does
flooring. This seems like a reasonable tradeoff: if you want more
precision... you should use a format with more precision.
It was a worthwhile experiment, but for it to really work it needs
a really proper luma-chroma separation, which is both slower than
I really want, and requires knowing the colorspace being used.
I might make another go at this based on the TIFF LogLUV color
format, requiring XYZ as input.