This will do the conversion to Latin1 for a single file, presuming
that the CodedCharacterSet is set to utf8 to begin with:
exiftool -tagsfromfile FILE -iptc:all -codedcharacterset= FILE
But due to the different order of operations in batch mode (tags are
copied from the file after static tag assignments have been performed),
the command is a bit different in batch mode:
exiftool -tagsfromfile @ -iptc:all --codedcharacterset -codedcharacterset= DIR
The bottom line is that exiftool encodes IPTC based on the value
of CodedCharacterSet.
- Phil