As a Nikon shooter having DNG support is ideal. My example photo is 11.5MB in NEF, 8.8MB in DNG, and 130MB in TIFF.
I use Adobe bridge to convert my .NEFs, It allows batch conversion which is perfect for DNG conversion.
Issue 1, The Black image problem:
In adobe bridge there is an option to export with "Lossy compression." this is what causes your DNGs to show up as black in PS.
Issue 2, No DNG processing works:
In adobe bridge you can export with lens correction(distortion & chromatic aberration), crop, and exposure curve. These are all super useful functions as you can batch export in bridge. cropping with lens correction is effectively masking in batch. Also PS does not correct for chromatic aberration. Unfortunately PS does not preform ANY of these effects, even crop is ignored.
I've included an example in unedited .nef, unedited no loss .dng, edited no loss .dng, and finally a unedited lossy .dng.
All at full resolution.
Agisoft PhotoScan v1.2.6 build 2834
Adobe Bridge 6.2.0.179
DNG v1.4 w/ compression.
https://www.dropbox.com/sh/2zkhh0mqhy282ly/AAAgkAy_U_Nbr23dIz2xUOIza?dl=0