The mirror is a 300 mm diameter diffraction-limited 1/4 wave parabolic mirror. Sounds awesome, especially the diffraction limited part. When viewing 550 nm (green) light, a 300 mm aperture scope should resolve 1.22*wavelength/diameter = 2.2 microradians. With a 1500 mm focal length, those details are 3.4 microns across on the image plane. My Canon 40D has 5.7 micron pixels, which isn't quite going to catch the details.
Sadly, it turns out that even a perfect parabola produces just a single perfectly focussed dot in the center of the image, and resolution goes downhill out from there. One way to measure resolution is to measure the amount of contrast transmitted by the lens at a particular spatial frequency. We could measure transmission at the diffraction-limited spatial frequency (227 line pairs/mm), but we don't need it to be that good. A more useful frequency is the maximum spatial frequency that the camera supports. The pixels themselves sample 87.7 lp/mm. Because the camera has a Bayer filter to sample colors, it has an antialiasing filter, and the maximum frequency it can sample correctly is a factor of 1.8 smaller, about 48.7 lp/mm.
Once contrast drops to zero, there is no detail left at that frequency. Lower spatial frequencies, corresponding to less detailed imagery, will have contrast at larger and larger radii, and so the picture will look more blurry as you get farther from the center. For photographic lenses, I like to see MTF at the maximum camera frequency of something like 30-40% across the whole field, although I'm willing to accept some dropoff at the corners.
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The graphs aren't perfectly comparable, but they're close. The Canon here is stopped down to f/8, which vignettes away the least corrected portion of the aperture. But it performs nearly as well at f/5. Also, this graph is at 40 lp/mm, which is a little easier than the 48.7 lp/mm I'm using to judge the Newtonian. One other detail: in both graphs, there are two lines, one dashed (tangential) and one solid (saggital). Saggital means "in the direction towards and away from the image center", and tangential means"along a curve centered at the image center".
So the reflector looks terrible, but there is hope. Al Nagler at Tele Vue has designed a corrector lens (the Paracorr) that, when combined with a parabolic mirror, gives a well corrected image. I don't have the Paracorr's prescription (I checked the U.S. Patent Office, and found Al's eyepiece patents but no patent for the Paracorr), but I know the basic idea, so I was able to slap something together with Zemax to demonstrate.
When comparing this to a photographic lens, it's best to think of the mirror combined with the two doublets as being the "lens". It actually extends the focal length of the telescope a bit. This picture shows rays bouncing off the primary mirror, going through the two doublets, and arriving at the image plane. Because the doublets are so small relative to the mirror and focal length, it's hard to see the detail.
Designing this wasn't too hard. I left Zemax running overnight doing a global search for an optimum, with no constraints on the glass choice. A real optical designer has more constraints to deal with.
I think the bottom line is that a Paracorr is a necessary part of a Newtonian telescope, unless it's only used at very high magnifications. Unsurprisingly, the Paracorr is the best-selling product made by Al Nagler's company.