Simone, without an installed chip in the lens the AW1/FT-1 will have no way of knowing if a lens is attached or not, regardless whether it is an AI or AIS compatible lens. So your assumption that it uses stop down metering with non-chipped lenses is correct, it works even in aperture priority mode. (The actuator that opens up the aperture to max is then not engaged and the aperture is completely controlled by the lens.) This is actually better compatibility than in the consumer DX bodies that will not offer metering, and only function in all manual mode.
Akira's comment regarding AIS lenses and the linear aperture applies to chipped lenses only.
An AFS 50mm f/1.8 works very well with the FT-1 and gives he same angle of view as a 135mm on FX frame.
Thanks for the confirmation, that was my thinking exactly.
If lhe lens was chipped, I guess I should be able to do full aperture metering, which means more light on the sensor and a better image on the screen. Would I be able to set the aperture on the lens, or would I have to set the smallest aperture on the ring and then control from the camera? I generally prefer to operate the aperture from the lens rather than rhe camera, if possible. My 75-150/3.5 is chipped...
Up to moderate telephoto my Fuji stuff is very satisfactory, but I have no really long options; the longest option, the 80-400, does not convince me fully and it is too expensive for the action it would see.