I'll offer a dissenting opinion, but a qualified one.
My D5500 fills its buffer after only 4 or 5 shots when shooting RAW in continuous mode. When I made my first attempt capturing hummingbirds in flight this past summer I quickly discovered why BIF people upgrade to the D500. However switching to .jpeg allowed me to pretty much glue down my shutter button and it would keep firing for as long as I liked. I may have given up the ability to process with as much detail as had I shot RAW. On the other hand, I got a bunch of pictures. I got zero with my 4/5 shot bursts.
I honestly don't think the quality suffered all that much, either:
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So I guess my takeaway is this: if you have an entry level camera and need longer continuous shooting bursts, .jpeg might be preferable to RAW in that you'll probably get more shots off. But yeah, if I had that D500 I'd be all-in on RAW also.
To be fair, your use case is sort of beyond what the 5500 is designed for.
I'm not sure I understand what you mean, but I guess that's irrelevant. I was just relaying what my .jpeg vs. RAW experience was when BIF shooting. The OP didn't mention what kind of camera he has, so in case it's an entry level one like my D5500 I thought I'd pass along the benefit of my experience. I hope it was helpful.
Your comment is useful and I wasn’t being critical. Since we’re in the D500 the assumption is the OP’s question relates to that camera. The limitation you mention is more about the design of the camera you’re using than a ‘con’ of using RAW format. Nevertheless, your point that RAW format consumes a lot more memory is valid.