cmccullum, curios that your red dot artifacts went away at different viewer sizes. I opened up a shot containing the artifacts in Resolve, but changing the viewer had no effect on the artifacts. I rendered the shot, and verified the artifacts were present in the output video. I must be experiencing something different(?).
No highlight recovery:
Highlight recovery checked - red square/dot artifacts appear:
Highlight recovery checked with Color Temp. and Tint adjusted until the artifacts are gone:
No highlight recovery:
Highlight recovery checked - red square/dot artifacts appear:
Highlight recovery checked with Color Temp. and Tint adjusted until the artifacts are gone: