I like the fact with the Panasonic FS 16 that you can increase the zoom length albeit taking photos at 3m pixels
All it's doing is cropping the images. It's exactly the same as taking a normal image, cropping the middle out of it and viewing it full screen
My Oly mju tough does that.
There are a million pocketable cameras out there - best thing to do is try them out in a shop and see which one you like the look of. I quite like the Nikon interface because it has all the scene modes right there for you to choose really easily.
However the mju tough has some great features for biking/outdoors including being able to navigate the menus and use it by tapping the sides instead of pressing buttons, which is ace when you have gloves on. Also because it's everything proof you can strap it to your camelbak strap in a holster for super easy access instead of having to clean your hands and unzip it from a pouch.