Why ORF files are worth converting carefully
Olympus writes ORF as a TIFF-based container, and some cameras pack more than one exposure into a single file: the high-resolution composite modes stack several frames into one. A converter that assumes one frame per file hands you the merge and calls it done, while one that understands the container can separate them. Either way the JPG here comes from decoding the sensor data rather than from the preview, so the resolution is the sensor's and not the thumbnail's.
Newer Olympus bodies also offer a Digital RAW option that writes a DNG instead. LibRaw handles both, and the path is the same either way: the file is read into this tab, the frame is demosaiced on your machine, and a full-resolution JPG comes back as a download.