Very nice for a handheld shot!Been testing it a bit, and the 48 megapixel images are definitely better but they're also HUGE. I'll probably use it for landscape shots where I really want the extra detail, but at 80-100MB per photo it's not going to be enabled very often.
Now, the 12MP mode at night is incredible! For that reason, I have my ProRAW set to 12MP mode, since it can take some incredible handheld astro shots. Here's an example handheld photo taken with the iPhone 14 Pro:
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By the way, those 48MP images can turn much larger once you have edited and added more layers to it