I own a bmpcc4k and still own my 50D with ML. Have not used ML on a 5D3. The only way my 50D(and probably the 5D3) is better is the ability to take higher resolution pictures than 8 MegaPixels and maybe the colors(mainly skintones) a bit, the quality and strength of the physical body, and the ability to tinker. Other than that the pocket is better or nearly equal in every way imho. You can get larger than aps-c look with a cheap speedbooster knock-off and close-ish to full frame with a with an XL speedbooster.
It's not just about the specs and capabilities, it's about the workflow and reliability. If you do video and want a very good camera that just works for a lot of scenario's, the pocket is great. You can use it casually with a kit lens, onboard audio, with a baked in and good looking video LUT to lower bitrate prores footage on sd cards that can be edited on a laptop, which is what I did on holiday just now. The disadvantage the 5D3 has here is the raw conversion workflow, reliability is less of an issue.
But you can easily build up the pocket and use it in a pro environment, both for cinema as for studio or event coverage, knowing it will perform and will not let you down. The disadvantage with the 5D3 is the reliability, workflow, codec capabilities, resolutions, framerates, connection options, onboard audio, interface options...
If you like the tinkering and the alpha and the bleeding edge, ML is awesome. If you want to just go and shoot and stop worrying, grab a Pocket. It's crazy how much peace of mind it has given me.
I just want to post that the disadvantages listed on this post are the opposite from my experience and these are actually the advantages of the 5d3 with ml
Also another huge advantage is that you have a world class still camera
But the choice is up to the individual and their needs
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