Greetings,
Having looked long and hard at many options, I have become interested in Ultra 16 for a number of reasons. DV cameras, (even with anamorphic and native 16:9 chips), do not offer the resolution that 16mm film can provide. 35mm costs are simply beyond any low budget production, (except for Russian MOS cameras with their considerable difficulties in supplies and options). 16mm is the established format for low budget productions and standard television, but, it will not provide a widescreen image without severe cropping or the use of anamorphic lenses. Super 16 is an intermediate format, which either has to be blown up to 35mm, blown down to 16mm, or transferred to a digital intermediate. While I have seen many excellent feature films that were shot with Super 16, these productions had a budget that allowed for a 35mm blow up for theatrical distribution. What I often see Super 16 touted for is making your film production safe for widescreen television, but this can also be done with Ultra 16.
I've decided to buy a 16mm camera and convert it to Ultra 16. I can shoot single or double perf film, as I would for a regular 16mm camera. I should not need to modify anything more than the film gate and viewfinder of the camera. The film can be processed, cut, and printed like any other 16mm film, (without an intermediate step). Yet, I'll have that extra image on the original negative, if it is needed for a widescreen format. I'll have much better resolution and far more shooting options than most prosumer DV cameras, I'm not playing about with expensive anamorphic lenses and their distortions, and I don't need to blow up or blow down to an established format with Super 16. As I see it, I can shoot 16mm for very low budget production, but, (for the relatively small conversion cost to Ultra 16, compared to anamorphic lenses or a conversion to Super 16), I can provide a widescreen image, when it will be needed.
Presently, my principal concerns in converting to Ultra 16 are in finding what lenses are safe for this filming gate, (undoubtedly, far more are safe for Ultra 16 than for Super 16), and in finding labs that can handle the Ultra 16 format, (for when I do need to go to a digital intermediate). Any advice on these matters would be most helpful and welcome.