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-set colorspace is a setting and needs an operator such as -separate or -colorspace gray to have any effect, if I am not mistaken.
All that will happen is that the verbose info will show colorspace RGB if supported rather than sRGB for any give image format. The data will not change until some operator acts upon the colorspace set. I am not sure tiff supports linear RGB
However, I believe if you add some operator such as -colorspace gray, then you will see a difference, because the image is converted to some internal IM format that supports linear RGB and then the operator sees that and works accordingly, though the output (tiff or jpg) may still show sRGB.
By the way, there is a little information about color formats and sRGB, linear RGB, etc at http://www.imagemagick.org/script/forma ... colorspace, but it looks like it needs further enhancement about formats that do not support linear RGB, per se.
-colorspace is an operator that effects the image, converting the data.
-set colorspace just changes how IM will view the data of the image. It does not actually change the data, just what that data is supoosed to represent.