Now, things can get more complicated as you can open JPEGS in the RAW converter - but any action applied is only ever going to be working with a compressed image which makes a host of assuptions you may not agree with.
You keep saying this, but i can tell you, on a calibrated colour-temp monitor, I can with some of my own images as I have done it both ways. The colour is noticably different in a number of circumstances - but I agree with you, that it may not be obvious. Its also noticable on the highest quality colour printers as well.
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