@dmk - It works much the same ways as the previous version but converts straight to Cinelog-C wide gamut in Cineon gamma. The BMD Film 4K profile is much better suited to Canon DSLRs as the BM 4K camera has roughly the same DR as the 5D Mark III.
To use the BMD Film 4K to Cinelog-C you need to have Resolve 11 (currently in beta), otherwise you can use the BM Film to Cinelog-C input lut in Resolve 10 using the BMD Film profile. The end result is almost identical.
So, Import your footage to the timeline (as with the previous version), select BMD Film 4K in the Camera Raw panel, add the BMD Film 4K to Cinelog-C input Lut (either as a 3D Input Lut in the lut panel, or on the first clip node.) then either the sRGB or REC709 Monitor lut depending on your monitoring situation (add it in the monitor lut slot of the lut panel so it isn't rendered), make your white balance and exposure adjustments and render your clips to ProRes or DNxHD 4:4:2 or 4:4:4 (recommended).
When you have rendered you footage, re-import it. Your Cinelog-C encoded footage is Wide Gamut Cineon so you can then choose to add a Gamut Lut if you wish (i.e. add the sRGB gamut lut to transform from wide gamut to sRGB primaries, Rec709 = Rec709 primaries, Alexa Film Matrix = to Alexa Film Matrix RGB, Cinelog Prime Cine = Our Cine palette etc etc). The gamma will not change, only the color. You can then either add a 1D output lut (i.e. REC709, BT1886 etc) or one of the new PFE luts.
The guide is almost ready which makes it much clearer but after so much delay we wanted to get Cinelog-C out to current users before it's official release.
It's basically a recipe system where you can add different color transforms and output curves or print film emulation.
EDIT: The BMD Film 4K to Cinelog-C Input Lut has a color transform that gets you closer to the basic look of the Alexa so you only need add sRGB or Rec709 gamut + an output lut but if you want something more filmic like the Alexa Film Matrix + PFE just add the Alexa Film Matrix and a PFE. For something more exotic add the Prime Cine Gamut lut + a PFE

The Type 2 input luts are photometric and don't have the Color transform of the main input lut so this is better for when you want to use Colormatch. Colormatch is best done in a node after adding the REC709 output lut. Choose REC709 colorspace in the Colormatch panel. Resolve 11's Cineon gamma target seems to be a little off from standard Cineon specs so don't target it.
The PFE luts are film gamma so will look a little dark. You can push up the shadows in a node before the PFE to rectify or add a Soft Curve lut.
BTW, you can use Alexa log-C luts from the ARRI Lut Generator too
