I did a quick test with ARIZONA.RAW packed in C64 format, but it does not make much difference (see original results
here):
uncompressed: 55954 bytes (had to be padded because the height was not a multiple of 8 )
-raw -m3 -9: 44523 bytes
-raw -m2 -9: 43110 bytes
-raw -m0 -8: 40875 bytes
-raw -mz -9 -maxoffs 65536: 40763 bytes
So, it is slightly better, but the improvement is minor and it would need additional code to fix the unpacked data. IVIEW images converted from photos or movies just do not compress well and the pixel data is basically random bytes.