Am rather ashamed to say that my Canon F1ns now languish unused , in favour of a, now elderly, Panasonic FZ50 Bridge camera, with a 10X Leitz Vario Elmarit lens (The reason for choosing it). This has a 10Mb capability, but has always been used in the first stage of JPEG compression, to give 8.5Mb capacity. The resulting files of about 4Mb allow a print larger than A4 to be produced, if required. (Never, so far. Even A4s from cropped images seem to be of acceptable quality). My brother in law complained that I was sending him files large enough for him to paper his walls!
For publication, I resize the files to circa 500Mb, which seems to have been acceptable, so far.
Not having any image modifying programs, only straight prints are produced. The way in which the camera, now outdated, can deal so well with difficult lighting situations, is amazing. If I need more light than the in built flash can provide, I attach my even older Metz CT45 via a safety adaptor.
But it depends on what you want to do; horse for courses, and so on. But don't spend money on features that you will never use, such as video and sound, or mega shots per second burst. A Ferrari is not the ideal car for local shopping trips! In my view, for recording model engineering products and processes, SLR type viewing is necessary, but others may well find a compact camera meets their needs.
For the ultimate in quality, and adaptability, but not portability or speed of use, use reversal film in a 10 x 8 camera. (But not if you want to do photomicography!) This will allow you to produce images good enough to go on billboards; but unless cost is unimportant, think carefully before releasing the shutter!
Howard