Good deal. I’m glad your phone arrived. Unfortunately panoramic shots on the iPhone cannot be taken and raw unless you shoot raw individual photos and stitch them together in Photoshop or similar applications. Now, if you want to take advantage of the 48 megapixel resolution and do not wish to use raw all the time, may I suggest the following apps that will allow JPEG/HEIC formats and 48 megapixel resolution:
ProCamera
https://apps.apple.com/us/app/procamera-capture-edit-raw/id694647259
Halide MK II
Download Halide Mark II - Pro Camera by Lux Optics Incorporated on the App Store. See screenshots, ratings and reviews, user tips, and more games like Halide…
apps.apple.com
There are others, but these are the best ones to use.
The other app that I use exclusively is the Moment app, which just had a very nice update. Photography has always been a passion for me and the Moment app has been the best one so far for my needs. This app really helps me when I want to use the iPhone camera and 48 megapixel ProRaw mode. You have the option to focus manually and turn on focus peaking, which is fantastic by the way. You can manually focus the camera to highlight and focus on a single spiderweb strand and capture just that. That’s how accurate it is. however, the 48 megapixel resolution only worked in ProRaw on that app. Here’s the link for that one if interested.
ProCamera by moment:
https://apps.apple.com/us/app/pro-camera-by-moment/id927098908
Anyway, enjoy your 14 Pro Max.