I wanted to explore how each answer would affect the photograph. Initial changes to the parameters will use a ⇧ arrow while parameter changes made due to the initial change will be noted with a ↑ arrow.
To avoid confusion, the arrow definitions are:
- ISO ⇧ = increase ISO sensitivity (100 → 200)
- Aperture ⇧ = increase physical size of aperture to capture more light (f/4 → f/2.8)
- Shutter Speed ⇧ = decrease shutter speed to capture more light (f/4 → f/2.8)
Given:
- Focal length: 12mm
- ISO: 6400
- Aperture: f/5.6
- Shutter Speed: 1/30
Increase ISO, aperture and shutter speed
Let's assume that we increased the ISO by two stops, and then adjusted the aperture and shutter accordingly. We'd have a shot taken at:
- ISO: 25,600 ⇧⇧
- Aperture: f/8 ↓
- Shutter: 1/60 ↓
The repercussions of this change would be: Increased noise (due to higher ISO)*, increased depth of field (due to a smaller aperture), and decreased subject motion/motion blur (due to a faster shutter speed).
Decrease shutter speed and ISO
Keeping with the two stop change to the ISO, we'd now have:
- ISO: 1600 ⇩⇩
- Aperture: f/5.6
- Shutter: 1/8 ↑↑
This change would yield: decreased noise (due to a lower ISO)*, no change to depth of field, and [potentially] increased subject motion (due to a slower shutter speed).
increase ISO and aperture
Keeping with the two stop adjustment to ISO, we'd now have:
- ISO: 25,600 ⇧⇧
- Aperture: f/11 ↓↓
- Shutter: 1/30
This would yield: Increased noise (due to increased ISO)*, increased depth of field (due to a smaller aperture), and no change in motion blur.
increase shutter speed and aperture?
This time, we'll change the shutter speed by two stops. This gives us:
- ISO: 6400
- Aperture: f/2.8 ↑↑
- Shutter: 1/120 ⇩⇩
The results of which would be: no change in noise, decreased depth of field (due to a larger aperture), and decreased subject motion (due to a faster shutter speed).
Even though you have a tripod handy and don't have to worry about you shaking the camera...depending on your subject, you may have to worry about them blurring in the photo.
Applying this question to a real-world photograph means striking a balance between acceptable noise (ISO), acceptable depth of field (aperture), and a shutter speed that will work for the subject. This could be as drastically different as photographing a city skyline at night, shooting a river in the shade, or photographing your friends at a club.
*The Photography 101 understanding of ISO and noise can be simplified into saying that: increasing ISO increases noise, and decreasing ISO decreases noise.
However, this is not the full picture. The reality is that increased noise is caused by a reduced signal-to-noise ratio. The more light you have hitting the sensor, the better. Increasing ISO generally means getting less light - but exposure also plays a roll here. For example, you would get less noise using a properly exposed shot at ISO 1600 than an under-exposed shot at ISO 200.
For more light reading, see these posts:
- What is ISO
- Is it better to shoot with a higher ISO, or use lower ISO and raise the exposure in post-processing?
- Why does raising ISO make image quality appear lower even though my measurements suggest it shouldn't?
- Why would using higher ISO and faster shutter speed yield more noise than using lower ISO and slower shutter speed?
- Is it really better to shoot at full-stop ISOs?
- Is analog gain really actually power-of-two only?
**A big Thank-You to Michael Clark for compiling this list for this answer.