The one time in THE BUND where the 16mm film worked well in daylight was the classic "snowfall" scene when Ching Ching is going around town looking for Mun Keung. This is one of the most memorable scenes of the series (and a big favorite of fans of the romantic aspect of THE BUND), and it looked great partially because of the 16mm medium (I think it would've worked on videotape too, but not as well; the 16mm film gave it a more timeless look). The combination of the acting, the costumes, the setting, the music, and the editing really clicked to perfection in this sequence.
Hell, I'll go out on a limb and declare this scene one of the greatest romance scenes ever committed to film...in ANY country, from ANY era. Filmmakers should study the construction of this scene to learn how to do a romance scene properly.