Cameras released in 2011 and later support booting from FAT32, and thus do not need FAT16.
Ah, well i may be partly to blame
since a few models that have 'no need for FAT16' do have it since i requested to give those cams dual boot capabilities.
as far as i know these include the S100, S110 and M3. however, since dmitrys stated the g7x (II) has also dual boot.
there might be more models now that support dual boot, and in these cases it is: FAT16/exFAT formatted.
Phil, do we have a current list of all >2011 models that support dual boot?
For these i use the in-cam dual partition tool and use chimp for creating the bootflag.