Let $f\in L^1(\mu)\cap L^\infty(\mu)$. I have proved for any $1<p<\infty$, $f\in L^p(\mu)$, $w(p)=||f||_p$ is continuous w.r.t. $p$, and $\lim_{p\to \infty}||f||_p=||f||_\infty$.
Is $w(p)$ differentiable? Will $w(p)$ be a concave or convex function w.r.t. $p$ when $p$ sufficiently large?
There is some convexity, don't know if this helps you, but: Let $p_0, p_1 \in [1,\infty]$, $\theta \in [0,1]$, $\frac 1p = \frac{1-\theta}{p_0} + \frac{\theta}{p_1}$. Then for $f \in L^{p_0}\cap L^{p_1}$, by Hölder \begin{align*}\def\norm#1#2{\left\|#1\right\|_{#2}}\def\abs#1{\left|#1\right|} \norm fp &= \norm{\abs{f}^{1-\theta}\abs{f}^\theta}p \\ &\le \norm{\abs f^{1-\theta}}{p_0/(1-\theta)}\norm{\abs{f}^\theta}{p_1/\theta}\\ &\le \norm f{p_0}^{1-\theta}\norm{f}{p_1}^\theta \end{align*} Taking logarithms, we have $$ \log \norm fp \le (1-\theta)\log \norm f{p_0}+ \theta\log\norm f{p_1} $$ Hence
$$ [0,1] \to \mathbb R, \quad r \mapsto \log \norm f{1/r} $$ is convex.