Yes that's the big downside with ML RAW, the color management. Every camera that's recording RAW has there own color space and gamma that should be used with them shure you can buy a BlackMagic Camera record RAW with that and then interpret it as Canon or ARRIRAW but will it look as good as if you use the color space and gamma that Blackmagic origianlly developed that camera with? The second big thing is debayer, every sensor is different, different size different amount of pixel so on, so to debayer a sensor the best way you have to have a custom made debayer setting that is developed from the physicallities of the sensor. But the color space and the gamma to have that for this specific sensor is the most important part and thats something that everyone has to elaborate on there own since its not a custom made specific for ML RAW and the specific camera one use.
The data and color is there in the raw file but it has to be transformed in a good way.
I'am not working with this but I have put pretty much time in it.
The next thing I will do is doing the balance of the shot inside Canon LOG Color 3 instead of working with the one I used before. Think the noise can be lower that way.
Yes I agree with you 14-bit 1080p is really great and its so nice to experience while doing the grade and balance in Resolve when you see how much that is recorded in the 14-bit file.

Yes its RAW footage so it can be interpreted in anyway, check out the CameraRAW panel in Resolve
Doing quick test from time to time is something I like myself and is a good way to develop skills

Especially when the result looks like your shot at 0:18

!
Haven't used any of my camera gear lately and when I did bring no rig only a 100IS macro and that result in a pretty shaky image.
That slider looks like a really good choice very pleasing to watch footage from it!