I've run into a problem with the pink/magenta highlights in Premiere Pro CC. I've been using the MLRawViewer to convert the MLV files to ProRes MOV but there's this overexposed clip that is pretty much unusable when converted to ProRes. So I found a way around the highlight issue and the garbage encode in the highlights by using blending modes. Check out my workaround in the video below. I'm all ears for suggestions.
https://vimeo.com/94709318
Could you also file a bug report against MlRawViewer along with some sample data? Thanks
Link:
https://bitbucket.org/baldand/mlrawviewer/issues?status=new&status=open (https://bitbucket.org/baldand/mlrawviewer/issues?status=new&status=open)