Comparing Color to Grayscale Methods
There are several methods of converting from color to so-called black and white. An application can offer an RGB channels mixer; or no choice but what the app does; or a drop-down list or buttons for various methods such as 'Luminance'. The GIMP offers a good few:
From the manual: 8.31. Desaturate
Here's how four of them look when applied to a good old Macbeth card color image:
At first glance, they look the same but have a close look at each card's third row of primary and secondary colors (blue, green, red, yellow, magenta, cyan):
In the upper images, there is little tonal difference between the patches. Which implies that mere color differences in an actual scene would show little contrast after conversion ... think pool balls ... a slightly brighter yellow patch at left, I reckon. Much more contrast in the lower images' third row - with the yellow sticking out like a sore thumb! The image at left showing noticeably more contrast than that at right, even in the light brown wall paneling. Of the four methods used, the lower left (luminance) looks best to me. Some might prefer the lighter rendering of the first two rows offered by the lower right (Value).
So now I know why the most commonly recommended method is 'Luminance'
Comments welcome!