"and is smooth in between" for the simple reason that you don't know if it is smooth in between or not.
in fact, how can you be sure that there exists a function that describes a smooth curve connecting x=1.2 and 1.4 and at the same time will not make the points at x=1.2 and x=1.4 CRITICAL POINTS ?
(in fact, they probably are critical points in which case e^(f(x)) will have critical point at x=1.2 and 1.4 also meaning that e^(f(x)) is a piecemeal too)
i can see where you are coming from, but ultimately your result is purely cosmetic and very subtle. but if you think about it, you'll see that in your graph of e^(f(x)) there is no POI explicitly shown, ie. the POI must lie in the region (assuming the curve is smooth) between x=1.2 and x=1.4 ---> which is exactly the region that you do not have a function for. so you cannot be sure that a POI exist UNTIL you are sure that a function for that region exists and know what it is.
in other words, the flaw in your argument is your ASSUMPTION that there is indeed a smooth curve between 1.2 and 1.4 connecting the other two parts AND that x=1.2 and x=1.4 are not critical points in your piecemeal function; an assumption that you cannot prove. and since your mysterious POI must lie in this unknown region then you cannot even be sure of its existence.
[a simpler way of putting what i'm saying is that since your graph is a piecemeal function, then the graph of e^(f(x)) will also be piecemeal which means the region between x=1.2 and x=1.4 can be of a function that does not locally exhibit a POI in that region which means that overall the graph does not have a POI. (ie. you cannot be sure that the two parts of your graph are perhaps simply connected by a curve that doesn't have a POI on it in the "unknown" region.) ]
so since your original f(x) graph is a piecemeal, then so will your e^(f(x)) be one, which means it's not necessary for a POI to even exist since the graph is NOT smooth. (POI in your graph can only exist if you can prove no critical points exist and that e^(f(x)) is in fact smooth even though f(x) is a piecemeal ---> this is something i personally believe cannot happen, so i retain my argument in that no POI exists.)
i hope i made myself clear in what i just wrote. sorry if i'm bit repetitive martin
but i hope you understand what i've tried to say.
P.S. even if your piecemeal is in fact smooth (which it's not) then it wouldn't be a piecemeal anyways, because you could generate a function in its totality to describe a completely smooth curve, and in this case your examples of using piecemeals to demonstrate your point will automatically break down. Also, i believe that if you can connect the two parts of the graph up smoothly then the global picture of the graph will not be monically increasing (which is what you are hoping because you are comparing this to your other HSC graph) which means it will be different to the HSC graph for x>1 and so that would not make a good comparison to the HSC graph, so i still retain my argument of no POI existing for that graph in my last post.