Or if you don't need ACES 32-bit full with view transform set to off.

Try use Color Space ACEScc rather than default ACES.

Makes no difference, I used cct, now cc, and it's the same.

Or if you don't need ACES 32-bit full with view transform set to off.

I tried 32 bit full, with Panasonic LUT applied in CG panel...same.

Combination Levels&LUT filter works though.

You can't use ACES with LUTs. 32-bit full with view transform off plus the CGP should work.

Can you share a screenshot of what's broken with 32-bit full/view transform off? It's showing banding?
Edit: with the footage you shared is this vlog? It seems very bright for the built-in correction LUT.

You may need to manually set it to color range full as the metadata may have gotten loss in the conversion to ProRes.

VP 22.239 with 32-bit full (view transform off) and Vlog to Rec 709 conversion in the input LUT tab plus exposure adjustment.

You can't use ACES with LUTs. 32-bit full with view transform off plus the CGP should work.

Can you share a screenshot of what's broken with 32-bit full/view transform off? It's showing banding?
Edit: with the footage you shared is this vlog? It seems very bright for the built-in correction LUT.

Yes, it's vlog. And yes, it's overexposed. But nothing is clipping.

I wasn't using ACES view transform this time, just "32 bit - full range" pixel format.

CGP (lowered gamma)

Levels + LUT (also lowered gamma):

Colors are different, yes, but that's of a lesser concern in this particular case.

I do see banding in the sky in both 32-bit full and 8-bit full mode. I don't think this conversion LUT is very good.

If you have another LUT can you add it manually to the CGP and see if you get a better result?

I then removed the CGP and manually opened Graide Color Curves (still in 32-bit full mode) and added a curve for contrast and one for saturation. I don't see any banding.

If the LUT tool in the CGP is giving worse results than the LUT Fx for the same LUT that's a problem. I can do some testing tomorrow with slog 3 footage I have and a good LUT.

You may need to manually set it to color range full as the metadata may have gotten loss in the conversion to ProRes.

VP 22.239 with 32-bit full (view transform off) and Vlog to Rec 709 conversion in the input LUT tab plus exposure adjustment.

It was shot as ProRes in camera, it's a pretty big file. I can't upload that so I just took one second of it and uploaded it to my Google Drive.

I do see banding in the sky in both 32-bit full and 8-bit full mode. I don't think this conversion LUT is very good.

If you have another LUT can you add it manually to the CGP and see if you get a better result?

I then removed the CGP and manually opened Graide Color Curves (still in 32-bit full mode) and added a curve for contrast and one for saturation. I don't see any banding.

Use this:

https://drive.google.com/file/d/1QD67ZEPshPtccG3UGe9_L_3fhaa8JLWP/view?usp=drive_link

That's Panasonic's official vlog to 709 LUT.

I tried loading that one into CG plugin, it's better than Vegas' one but still banding:

ACES is also looking pretty terrible (footage manually set to Vlog/Vgamut).

ACES is also looking pretty terrible (footage manually set to Vlog/Vgamut).

So I'm not the only one? :)

Thank you, Roger!

I'm curious what's the LUT you are using with the LUT Fx- is it from Panasonic or another source (and if it's freely available do you have a link I could download it from).