Re: Newb to Digital with ??
Hi Gizmo,
Here begins a journey 
If a printed image of a given size has a relatively low number of pixels then if you keep reducing the viewing distance there will be a point where you will realise that your eyes are capable of resolving more detail than is actually present in the image, and it will look "pixelated".
From this people may deduce that "the more detail that the image has, the better" ... while this may be true in theory, there is also very much a practical upper limit - beyond which you rapidly get into the "law of diminishing returns" category where you'll be unable to see any benefit in having more information FOR A GIVEN VIEWING DISTANCE.
Viewing distance is the key to all this - and in this regard, the world can be divided into two groups: (1) "Normal People" and (2) "Photographers". Normal people stand back and look at an entire image at once; the bigger the image, the further they stand back (and this the less detail their eyes can resolve) - so in this regard you tend to find that for shots over 8MP you can basically print "as big as you like" if it's to be only viewed by "type 1" people. Type 2 people (photographers) unfortunately, are a different breed - we tend to view images at 100% magnification (or greater) and our minimum viewing distances are limited only by the length of our noses (although personally I also have a magnifying glass!).
So often you'll hear photographers say things like "you can get by with as low as 360dpi, but 720dpi will look better" (insert "rolls eyes" here!).
... a quick primer on print resolutions ... a "very modest" print resolution of, say, 175dpi is the same as 7 pixels per millimeter (roughly 25 millimeters in an inch) ... but because we're dealing with print AREAS we need to square this to get the figure in "per square millimeter"; 7 squared is 49 ... lets call it 50. If you had an image printed at 180dpi then that would equate to up to FIFTY tone changes in each and every square millimeter. Could your eyes resolve that? At any distance? Mine sure can't. At 360dpi you're talking about 200 tone changes in a single square millimeter. at 720dpi you're talking about over EIGHT HUNDRED tone changes in each and every one single square millimeter of print. So the point is, most photographers go way waaay waaaaaaaaay overboard when it comes to print resolutions. Personally I work with 44 inch by 22 inch canvas prints at 180dpi and they look just fine ... I even go down to about 100dpi and they still look fine.
So (finally) to look at your questions ...
The Panasonic DMZ-F27 has pixel dimensions of 2816 x 2112 which equates to a print resolution of 176dpi for a 16 x 11 print. The Panasonic DMC-G1 has pixel dimension of 4000 x 3000 which equates to a print resolution of 250dpi for a 16 x 12 inch print (side note: sensor size doesn't enter into it - it makes a difference with regards to apparent changes in focal length, but doesn't affect print resolution). In the "real world" 250dpi -v- 176dpi won't be noticeably different; you MAY be able to see a small improvement when viewed under a microscope however.
For what it's worth, I have 44" canvas prints hanging on my wall from 8MP cameras and 21MP cameras, and even other professional photographers agree that they can't really see any difference (to the point where they'd be uncomfortable trying to work out which print came from which camera).
Hope this helps!
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