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Sounds promising. Any latest date for the release?

Ok so this should be a good workflow if I want to grade with ACR:

1) 5D mkII ML Raw fotage (Camera profile doesn't matter since it's raw)
2) Convert raw video to DNG's using RAWMagic (using 1792 and 5D mk II camera profile)
3) Grade in ACR using 2012 process and leaving highlights and shadows intact.
Should I use Prophoto color profile? I'm assuming best quality is to upscale files to 1080p at this point? Also I reckon it's better to apply sharpening and grain in premiere/after effects?
4) Convert DNG's to Maximum quality JPG's embedding prophoto profile?
5) Import image sequence in whatever edit program I decide to stick with
6) Edit, Apply sharpening and any grain
7) Render output movie

Any objections?

Thanks Thomas for your reply. All the technical aspects is a bit above me but I think I understand the important stuff. I'm not going to match my ML-raw's with other videomaterial som perfect accuracy isn't a factor for me (at this point). However I'd like to get a good base that serves well for aplying different color grading LUT's such as for example Osiris pack.

Obviously making your own custom color grading would be best. Problem so far is that I find the way of color grading inside DaVinci very difficult, coming from only ACR (and photoshop) grading. So I'd like to kickstart the color grading process and put most effort into actually shooting video footage.

For now I'm ACR grading my DNG's instead (which is very easy for me) and batchprocess to jpg's, but unfortunately I get flicker problems with that workflow.

[Background]

First of all, pardon me for asking same questions I know been asked before. Reason is there is so many contradicting advice and also there's new software every now and then.

Background
I'm a hobby photographer who in the later years more and more only graded my photos in ACR instead of Photoshop to save file space and speed my workflow up. So I'm very familiar with ACR and have a lot of nice presets I like. Now with my 5D MK II I've become more and more interested in videography. I've read a lot of articles the past week so I'm beginning to understand things roughly.

My current workflow is:
1) Using ML raw module
2) Convert footage to CinemaDNG using RawMagic (for mac)
3) Importing footage into resolve using BMD Film.
4) Placing 3D Lut "BMD Film to Visionlog raw 64" on the first node
5) Placing a grading preset lut such as Osiris "M31 - log" on second node

Thing is, it's either my sample footage or me using bad settings somewhere cause I feel the presets turn out pretty bad. And a lot of questions arises:

Q1) I've read a lot of articles about using Visionlog as profile in ACR but when importing the DNG's into Resolve it doesn't seem to make any difference. The DNG files seem to be imported without any consideration to XMP data? So what's the use? Is it for those batching DNG's to JPG's before importing? Or do After effects bring XMP data in the import and that's why some do it?   

Q2) Cinelog vs Visionlog? Any reommendations?

Q3) Should I use Osiris log luts or their Rec.709 luts?

That's all for now, would be very thankful for any pointers.

/Björn