not sure but i've noticed the same thing. i can say that Graphic Converter is by far the more powerful app. it amazes me sometimes with what it is capable of, as well as it's very deep support for AppleScript. i know Preview has been optimized quite a bit in recent versions. it's incredible how fast it can read large PDFs now. perhaps this optimization also included some scraping of the code that reads and displays image data. what might be an interesting test would be to open the same picture in both apps. then export to the same format from each app, jpeg for example. then open both of these in the same app and see if one looks better than the other. as long as it doesn't trim the quality on export then i could deal with the lower quality previews in exchange for the speed boost. but if GC indeed exports better quality images then i'd definitely go with GC for all my exporting needs. wish i would have thought of doing this sooner! 🙂