This ASI294MM is not a so bad product. One quality for me is the size of the sensor for the price.
Concerning the noise, the interpretation of the values is nether an easy task. For a correct analysis it is important to compare cameras with the same equivalent pixel size, an ASI294MM with these pixels of 4.63 microns on one side, and an ASI183MM camera operated in 2x2 binning on the other, i.e. with 2 x 2.4 = 4.8 microns, roughly the same value as for the ASI294MM. Also, consider that a fine performance criteria is the the Signal to Noise Ratio (SNR) in function of the situation.
For simplicity, it is assumed here that the pixel size is ultimately the same on ASI183MM (after 2x2 binning) and on ASI294MM. It is also assumed that for a given exposure time, a ASI294MM pixel collects 100 photo-electrons (arbitrary, only for the demo). In the elementary pixels of the ASI183MM camera this gives 100/4 = 25 photo-electrons. By putting noise the measured values, the result in term of signal to noise ratio (SNR) for some processing hypothesis is :
And here we see that pixels binning of the 183 in a traditional way give a much lower signal-to-noise ratio compared to the 294. Basically, the 183 is twice worse if it is acceptable to make it work in 2x2 binning (if the observation absolutely requires small pixels, say 2.5 microns, then there is no more battle, the ASI294MM does not offer this possibility and the ASI183MM wins hands down!).
This is also why I insist quite a bit on CMOS oversampling and the use of noise reduction algorithms. If we applied a median filtering before binning, the RSB rises to 50 for the 183, the difference is only 1.4, but still in favor of the 294.
It is necessary to apply all the possibilities of an algorithm like CMED (last row of the table) so that the ASI183MM finally equals the ASI294MM (and again, a consequent oversampling for the 183 is necessary).
Note that doing statistics (standard deviation, average) on data whose noise distribution is not Gaussian can generate interpretation difficulties, but the trend is there.
The morality of this thing:
(1) for an application which is satisfied with large pixels of 4.6 to 4.8 microns (for example UVEX on a relatively large telescope and a 35 microns slit, see also Therry Bohlsen comment concerning LHIRES + 35 microns configuration for an appropriate usage of the ASI294MM. ), the ASI294MM is probably the most efficient, but with a nuance for me which poses difficulty, this famous RTS noise which gives the impression that the image contains artefacts (1/f noise), which also gives this mixed result (we hesitate to filter the RTS noise here because there is a great risk of breaking the images sharpness).
(2) for use with small pixels, only the ASI183MM can be used while waiting for a status of the possible "super resolved" mode of the QHY294M.
Christian