Assume a (continuous) band-limited signal $f$, that is, a signal for which $F(s) = 0$ for all $\lvert s \rvert > p / 2$. If the signal is sampled with frequency $p$, we can reconstruct it by cutting off the frequency band corresponding to one period of its spectrum:
$$ \mathcal{F}^{-1}\left( \Pi_p(\mathcal{F}f \star \hbox{Ш}_p) \right), $$
where
- $\mathcal F$ denotes the Fourier transform;
- $\Pi_p$ denotes the cut-off function of the $\left[-p/2,+p/2\right]$ frequency interval;
- $\hbox{Ш}_p$ denotes a train of Dirac functions spaced $p$ apart.
(This notation is borrowed Brad Osgood's lecture notes on The Fourier Transform and its Applications, see for example Chapter 5.)
If the signal is undersampled (with frequency $q < p$), we can recover an alias—another signal that agrees with the original signal $f$ at the sample values, but not necessarily at the rest of the points. The alias can be obtained by simply cutting off at the sampling frequency $q$:
$$ \mathcal{F}^{-1}\left( \Pi_q(\mathcal{F}f \star \hbox{Ш}_q) \right). $$
However, in the case of undersampling another possibility would be cutting off at the maximum frequency $p$ of the signal (in case we knew it):
$$ \mathcal{F}^{-1}\left( \Pi_p(\mathcal{F}f \star \hbox{Ш}_q) \right). $$
Graphically, the two variants would look as follows—cutting off at the sampling frequency $q$ (in brown) and cutting off at the signal's frequency $p$ (in green):
As far as I could tell this latter approach (of cutting off at the signal's maximum frequency) doesn't guarantee that we obtain the same values at the sample points of $f$ (so it's not really an "alias" in the precise sense of the word?!). However, I've seen this approach presented in a textbook (Digital Image Processing by Gonzalez and Woods, Figure 4.9 in the third edition of the book), so my question is: when would cutting off at the signal's frequency make sense in the case of an undersampled signal? Does this variant give a tighter approximation of the original signal?!
N.B.: As you probably may tell, I'm not well versed in signal processing, so please forgive my misuse of terminology and do correct my mistakes. Thank you!