I was doing some research on the FFmpeg with ML raw support and I come upon a new Tool for converting Image Sequences or videos
Called "ClipToolz" It's a paid pc app, and to my Surprise it supports Magic Lantern Raw !

ClipToolz RAW will process cinemaDNG video files as well as .RW2 and .CR2
ClipToolz RAW provides a RAW File Extractor function for extracting .dng RAW files from Magic Lantern .RAW format.

DEBAYER ALGORITHM
There are excellent programs available for working with RAW images. Adobe ACR and BlackMagic Design's
DaVinci Resolve are both top-notch applications that provide a wealth of specialized functions designed expressly
for working with RAW. RAW Therapee is also a great app for working with RAW. ClipToolz RAW does however
provide an alternative in utilizing the dcraw Adaptive Homogeneity-Directed (AHD) interpolation algorithm.
This algorithm performs considerably better with some images from Magic Lantern RAW and BlackMagic Pocket Cinema Camera
where color artifacts appear.
Key Features
Fully automated, high quality video conversions
Fully automated DPX and TIFF image sequence conversions (ML Raw Support)
Add audio track to image sequences
Conform frame-rate for slow motion from 60/50fps source
Add interlace function
Histogram for on-location spot exposure checks
Thumbnail of each clip and quick preview available
Resolution, frame rate, interlaced / progressive flags, file size and duration all visible in media pool
Scale output to any size (within codec constraints)
Clip archiving functions for up to 3 backups with basic verify
Easily select archive directory structure
Fast-offload of archiving operations for quick media rotation
Renaming section for managing clip filenames
Adds derived timecode and metadata to conversions to clips without embedded timecode
Detects existing timecode in clips including Sony, Canon and Panasonic Pro AVCHD systems
Support for Canon C-Series MXF format
Support for BlackMagic HyperDeck
Support for GoPro with mono audio track (and others)
Creates 1/2 resolution lower bitrate proxies
Easily setup large-scale batch conversions by drag-and-drop
View detailed clip media info via right-click
Monitor job status in realtime (local processing)
Track conversions in application logs
Run conversions on local PC or send to ClipToolz Server
Converts .mts, .m2t, .m2ts, .mp4, .avi, .mxf & .mov
Optimized for speed
Well a pretty interesting set of tools, you can also sync audio, resize ,convert to prores 4444 and many other intermediate codec's up to 16bit.
If it work right, this will be a great production tool the MLV/Raw.

The tools are as follows, ClipToolz Color ($29.95),ClipToolz Convert ($24.95),ClipToolz fourK (
Free Tool) , ClipToolz Thumbs (
Free Tool),3D LUT Files.
This is the set of tools everyone has been waiting for to work with ML Raw !

I think I will give it a try.
Some links below
http://cliptoolz.com/index.htmlhttp://cliptoolz.com/RAW.htmlhttp://cliptoolz.com/thumbs-features.html <--- free tool
http://cliptoolz.com/downloads.html