The pixel-shifted colors, however you spell it, are IMO (which is all that I have) quite a bit better than the standard Bayer interpolation scheme we are used to. My original question had to do with the value of going after ever-larger sensors as opposed to getting better color/resolution of the existing sized sensors as in the A7R3. And Pixel-Shifting, to my eyes, seems to offer this.
The fact that colour is all in your head does not mean it is not real, to paraphrase Professor Dumbledore. It just means that when you say that the colours you get from a camera with pixel shift are "better", you are responding to something about the colours. The colours you get from a camera are no more a "true" representation of the real world than the colours you see. The light reflected from a flower is not made up of RGB, so the colour the camera "sees" is all in
its head - its image processing engine - in exactly the same way as the colour you see is all in your head. It is just not true that the colours a pixel shift camera sees are purer in the sense of being less a result of the choices made by the people who designed the image processing engine.
The colours in the camera (or a monitor or a printer) are made up of saturation, luminance and hue. The hue is the RGB values. That is all there is. So when you say colours are "better" it can
only be because one (or more) of those things - saturation, luminance or hue, is very slightly different. The saturation and the luminance and the RGB values can be anything you like, so any camera can reproduce, perfectly, the output of any other camera. So when you say your choice is between larger sensors and pixel-shift you are missing a third option: adjust the output of your current camera to match what it is you like about the colours you get from pixel shift cameras.
Of course, it may be less work just to buy the camera whose output you prefer, but what happens if you don't like the same colours for every type of scene, or if a client's taste differs from yours? You still need to know which of the colour parameters is driving the preference so you can adjust the output to match it. You need to work out whether you are David Attenborough or Robert Mapplethorpe, artistically speaking, because colour tastes are driven by that choice.
The same applies to resolution. You may want more resolution for the same reason as astronomers and microscopists want more resolution, but if you want more resolution to give the impression of greater sharpness you are going down the same rabbit hole as with colour accuracy. "Sharpness" is like "better colour" - it is all in your head. However, just as the perception of better colour has a basis in particular values of luminance and saturation and so on, perceived sharpness has a basis in measureable image parameters: resolution, but also acutance, contrast and colour (red areas are perceived as less sharp, eg). To get the result you want you have to know what is driving perceived sharpness in that image, and if you do you can get the result you want with any camera.