Michael,
The sample JPG photo you have (which was created by Capture One 11 not directly from the camera) shows Exif focal length as 23mm (Exif tag 0x920a). There is a different tag 0xa405 that some APS-C format cameras write which is the 35mm equivalent of the focal length, which would be 35mm. This JPEG does NOT have this tag. All other Exif data shows 23mm, even the lens info specs (tag 0xa432) and lens model (tag 0xa434) shows "23 mm f/2". At bottom of Exiftool report it says focal length is "23.0 mm (35 mm equivalent: 22.6 mm)".
The RAW RAF file also does not have the 35mm equivalent tag 0xa405, but for some reason Exiftool does show at the bottom of its report "23.0 mm (35 mm equivalent: 35.4 mm)". It also is able to correctly calculate a "Scale Factor To 35 mm Equivalent" as 1.5. This is probably what it is doing in the absence of the 0xa405 tag. This has some tricky math involving sensor size etc which we don't implement.
So there is nothing we can do with the JPEG saved by Capture One, and to support this for RAF we would have to implement the scale factor code. It may be that with the JPG files created directly by the camera, Exiftool can properly calculate this scale factor as it does with the RAF.
Best would be if the camera would just write the 0xa905 tag and be done with it.
--dennis