I am a successful artist, and a very serious photographer, and this is a subject I have worked on for many years, and on which I will be speaking at the upcoming Rijksmuseum 2and3D Photography symposium in June. As others have indicated, it's a very deep subject, but I will list a few critical points from my own experience.
Lens. A lens with a relatively flat field (controlled field curvature) is essential, and I understand that the Phase One 120mm macro is an excellent choice.
Light. Light used for copy work must be even, color constant, and repeatable, which rules out daylight. Tungsten lamps emit very few short wavelengths, and so can't properly differentiate subtle differences between various blues on digital sensors. That leaves either flash, or LEDs. I use the Paul C. Buff Einstein E640s, as they have a color constant mode (maintain the same color temperature as the output level is changed), but the AlienBees should be fine. LED sources that meet the highest TM-30-18 standards are also excellent, but still roughly 10x the cost of xenon flash. 45° is much too high an angle of incidence for the flash beam. I highly recommend purchasing a copy of the “AIC Guide to Digital Photography and Conservation,” which specifically cautions against 45°, and recommends 25°, which is the angle I use.
www.culturalheritage.org
Polarization. Polarized light can be very effective in removing specular reflections, but it can also be problematic in the dark values. I am currently using Rosco #7300 linear polarizing filters on my flashes, setting their rotational angles in relation to a fixed Zeiss T* circular polarizer on the lens, but then dialing back the lens polarizer (called an analyzer) to 70°, which lessens the effect of the full 90°.
Flat-field correction. I use four flashes to produce a large, even field of illumination, but copy work can be done with two lights if you use flat-field correction. The LCC function in Capture One works extremely well, as does the flat-field correction available in Adobe Lightroom.
Parallel planes. One can't rely on depth of field to produce optimal sharpness in copying flat originals without diffraction limiting, so tools for establishing parallelism such as zig-align mirrors or (better) the Versalab Parallel laser are essential. I also use the Versalab — set at a distance — to set the parallelism of the standards on an Arca-Swiss M-line two (mf) camera.
Versalab Parallel - laser enlarger alignment tool - precision enlarger alignment - darkroom printing - copy alignment - photographic darkroom
www.versalab.com
Exposure. I use RawDigger to determine the point of absolute clipping for a digital sensor, and then set my working exposure level 1/3 of an f-stop below that point to optimize the signal-to-noise ratio (advice from Iliah Borg). My primary camera is a Phase One IQ3 100MP Trichromatic, and it has a full 16 stops of dynamic range (the maximum dynamic range I have measured in one of my paintings is about ten stops). I make my captures tethered to a MacBook Pro running Capture One, and find the "Focus Meter" to be superb for finding the point of optimal contrast, well beyond the ability of my eyes alone. I use the L*a*b readouts in Capture One to keep track of my exposure level, placing the diffuse white of the PTFE patch at L* 95 when determining exposure.
Neutral reference. I have measured many neutral reference patches (ISA Golden Thread, ColorCheckers of all kinds, WhiBal and QPC cards) and none of them are particularly neutral. The one material that is exceedingly neutral is sintered PTFE (teflon), which can be had in small sheets from Thorlabs. Next best is to wrap a Staedtler Mars white eraser with white PTFE plumber's tape (also advice from Iliah Borg)! The SNI (Spectral Neutrality Index) can be easily measured with a spectrometer such as an i1Pro2 and SpectraShop software from Robin Myers. The SNI for the ColorChecker SG (patch F5) is 73.3, whereas the Thorlabs PTFE is 99.0 on a scale from 1–100.
Thorlabs designs and manufactures components, instruments, and systems for the photonics industry. We provide a portfolio of over 22,000 stocked items, complimented by endless custom solutions enabled by vertical integration. Thorlabs is comprised of 22 wholly owned design and manufacturing...
www.thorlabs.com
SpectraShop™ software can measure and analyze spectra, help you examine your color management, provides a low-cost density meter and more! From Robin Myers Imaging.
rmimaging.com
Camera profiling. The camera profile is one of the most critical components in fine art reproduction, and the “Flash – Fine Art Reproduction” profile supplied with all Phase One digital backs is very good. The only thing better is building a camera profile for your particular sensor, with your individual set up. Since the process of camera profiling is essentially using the sensor as a colorimeter to characterize its spectral response, it takes a fair number of color patches to do the job, and this cannot begin to be done adequately with a standard 24 patch ColorChecker. The ColorChecker SG, with 140 patches, is the least-expensive standard target. More refined targets are available from Digital Transitions, and I ended up building my own, using 50+ hues of oil paint in some 270 patches, because I wanted to know quite precisely how the Trichromatic responds to real cobalt blue and cadmium orange.
Profiling software. basICColor input pro 6 is one of the best applications for camera profiling, and it does a beautiful job, such that once I apply my profile and tone curve (in either Lightroom or Capture One), I never feel the need to adjust any individual colors. When the colorimetry of the profile is correct, lightness, hue and chroma are all corrected simultaneously without the need for manual intervention (Full disclosure: I am a basICColor Ambassador, and beta test for the developer, Franz Herbert).
heritage-digitaltransitions.com
The digitization workflow guide that Doug Peterson referenced above is excellent, and highly recommended, especially if you're new to camera profiling and flat-field correction:
heritage-digitaltransitions.com
Tools and tech support for this kind of work are hard to find, but the folks at Chromix are another excellent resource for targets, software and expertise:
www.chromix.com
Good luck!
Copy set up for flat originals up to 40 x 57" (101 x 148 cm)

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Using basICColor input to evaluate the quality of a new profile:
