Is there a difference in quality between using MLRawViewer (1.1.7) or RawMagic from Rarevision when converting the files into DNG?
There shouldn't be any quality difference, mostly it's a workflow ease issue with some additional options available. I use MLRawViewer for on-set playback and to check the integrity of the footage, but I much prefer RAWMagic for conversion since its drag-and-drop ease and very clear cut way of displaying queued files just makes it a lot easier and faster for me to process what are sometimes hundreds of Gb of data.
RAWMagic also gives you the option to downsize to 12bit CDNG instead of upsizing to 16Bit (Canon Raw is 14bit). The difference between 14bit and 12bit is IMHO not perceptible and it does save a wee bit of disk space while making the files smoother to playback in both Resolve and Premiere. It used to be that Premiere would only display 12bit files correctly, but the latest CC version seems to have addressed this and now 16bit CDNG files appear to work properly as well.
My #1 piece of advice for you would be to have a sharp DIT who knows how to deal with ML footage. I think it's a key requirement if you're on a professional shoot. The DIT needs to know how to check data integrity, and convert the files with the best tool and to the specs agreed upon. I can not imagine surviving a professional shoot any other way.