A useful effect when working in 32 Bit mode in After Effects is the HDR Highlight Compression effect. I wish Photoshop had this effect when working in 32 Bit mode. It's super useful when you have reached the general look you want but some of the highlights have blown out and you want to get them back. In Photoshop, when you are 32 Bit mode, you don't have this option which kills one of the biggest advantages of working in 32 Bit mode to begin with.
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