There are a few things that chmee has in his raw2cdng thread that help fix some issues brought up in this thread. While I recommend checking out his thread because there are work around for green/magenta issues, here is just some points to be noted. Please keep in mind that I am not expert. I have the 5D3, I need to have the black level fix enabled in the MLV module to not have the green tint. Then, I bring it into the raw2cdng 1.5 beta 6 (This is the current version. Links are on the raw2cdng thread. You have to click on the new version of his website inside the link he provided). I open the program, drag and drop the .MLVs, I use 12-bit and check fix pink highlights. It converts it and then you can open them in Premiere, Speedgrade and Resolve with no green or pink frames. I have had the audio synced, some have reports of it not working for them. I do not know why not for them. I use Premiere and Speedgrade with my editing and grading. I would not recommend only using ACR for your color grading. If you use some setting such as the contrast or clarity settings, you will have flickering if you push those settings to the extreme. ACR only looks at individual frames and not a stream of frames which cause these flickers. I would recommend using ACR to create a flat profile and change white balance only. Noise reduction can be use but, you may not get the best performance from it because it looks at individual frames. But, it is a good free solution. If you want to, export that footage to your preferred codec and work with it in your editing software. I recommend ProRes. Depending on your workflow, you may be interested in downloading Cinelog or VisonLOG as an ACR preset for a flat profile, change your white balance and export in ProRes to edit and use LUTS in Speedgrade or Resolve or just edit with those cdng files natively in Premiere or other software. Using the cdng will give you the best quality. Keep in mind, this is only an option. There are plenty of right ways, many more wrong. Resolve can change your white balance like ACR, Speedgrade is a bit more difficult because you have to change the RGB channel multipliers. Things still in the works with raw2cndg is the vertical banding which effects the 5D3. Looks like that should be implemented soon. There is plenty of information all over this website, all this information I have brought up is already in a thread somewhere here. Hopefully that helps answer some questions!