I used to edit in VegasPro 10 , many years ago -- you can import many different file formats
Video: HEVC/H.265, AVC/H.264, MP4, MOV, MPEG-2, MPEG-1, AVI, WMV, XAVC-S, XAVC,
XDCAM EX, XDCAM HD, XDCAM HD 422, XDCAM ProDisc, HDCAM SR, MPEG IMX, DV, HDV, AVCHD,
Panasonic P2, Red RAW, Apple ProRes
Image: BMP, GIF, PNG, JPG, TIFF, DPX, OpenEXR, WDP, DNG
So it depends on your computer hardware specs.
If it very fast (8 core CPU , fast SSD , fast GPU e.g. NVIDIA® , AMD/ATI® Radeon or Intel® GPU HD Graphics 530 series or higher) and lot of ram
Then I would look at image sequence , e.g. DPX , OpenEXR or DNG

looks like vegas support
DNG's That's what I would use (DNG's) then export a XML to Resolve and re-link to color grade .
Workflow would go like this ;
MLV file -> MLVFS (virtual dng's extracton) --> import sequence(s) cut -> export XML or FCXML -> blackmagic resolve with XML or import FCPXML in to MLV App and grade.
If your computer is slower , then I would use ProRes 4444 or proxy prores to cut , you can use either MLVproducer or MLV App -- load your MLV in set your W/B choose the color space
e.g. Adobe or C Log export as prores 4444 or proxy prores then edit & or grade in vegas or just edit and export a XML or FCPXML and import in either
Blackmagic Resolve or MLV App and re-link to the original DNG's and grade .
My personal workflow is MLV files -> MLVFS or MLV_Dump ( mlvfs make virtial dng's where mlv_dump extracts real dng's) -> import in to
Adobe After Effect CS6 (the best for dslr camera raw) -> sometimes edit but mainly color grade ->export to Apple ProRes 4444 XQ (which is full range not clipped like prores 4444)
or (DPX if I use Autodesk Smoke for mac) Then import in to FCPX , edit add FX's & final grade .
There so many way to process raw file , that comes down to your personal preferences .