Hanriverprod

V-Log with an additional no processing mode (no sharpening, no noisereduction etc.). Just a clean output.

Here is the LUT for colour correction only - the V-Log gamma remains unchanged. This should be first in your post pipeline.
https://drive.google.com/open?id=0B1exEpCRAfgFcVdtSXhRdmJvalE
 

I've been using 5D3 Magic Lantern RAW for a few years now and it's my personal gold standard for image quality as I'm very familiar with it, can predict the results I'll get in various situations and have developed my own look that I like using in post. I do a lot of documentary and corporate stuff and wanted to do more handheld, so I got the GH5 for its IBIS, 10bit V-Log, 4K and general ease of use. Although the GH5's colour is an improvement on its predecessors, the 5D3 is nicer looking to me. So I wanted to see if I could tweak the GH5's VLog colour to be more similar to the colour I get from Magic Lantern Cinelog-C, processed via Adobe Camera Raw (other debayering workflows will give different results).
I shot a chart with both cameras, extracted the squares and put them side by side in Resolve. V-Log on the left, ML on the right:
 

 
I used Hue v Hue and Hue v Sat to line up the signal on the vectorscope:
 

 
Here you can see the effect of this correction.This is accurately white balanced V-Log (default colour) with a curve and saturation added:
 

 
And here's the same shot with the colour correction applied:
 

 
Skin goes from green-ish to pink-ish. Reds become more saturated, blues are pulled back. Foliage separates out into varying shades of yellow to green to blue-sh green, rather than being one big block of pure green. So next, I wanted to test this by comparing the same shots to Magic Lantern RAW. Would this correction really turn my GH5 into a handheld and more usable version of my 5D3?
I stuck the GH5 on top of the 5D3. I shot the 5D3 at 3520 x 1320 (the maximum resolution I can get that's both continuous and at a sensible aspect ratio) - this has a crop factor of 1.63x. ISO was 100, and aperture at f5.6 on the Canon 24-105. The GH5 was 10 bit V-Log, Cinema 4K, ISO 400, aperture f4 (roughly equivalent) on the Leica 12-60. I used shutter speed to control exposure, so motion blur is different between shots. It seems like the GH5 has around 0.66 stops more info in the highlights at the same exposure as the 5D, so I shot it one stop over to maximise DR.
 
 
First I corrected the 5D shots to the way I wanted them to look. Then I tried to get the GH5 to match. It's not a perfect match by any means, there are individual hues that tend to go awry a little, especially in the first shot. But for me the exercise is a success: the GH5 footage looks more like Canon Magic Lantern than it would straight out of the camera. And I would be happy to intercut the two, or to use the GH5 in situations that are more suited to its features. The take home message is that V-Log has a lot of grading potential - you're not necessarily stuck with Panasonic's colours on this camera.
A nice surprise for me was how much detail is in the 3.5K 5D files compared to Cinema 4K GH5, especially when sharpened. However, it's not very practical to shoot in its high resolution modes at the moment, due to the slow refresh rate of the LCD preview.
If you want to check out the files yourself, here are a series of matched pairs of 5D DNGs, and GH5 V-Log TIFFS.
FOLDER:
https://drive.google.com/open?id=0B1exEpCRAfgFdi1FZ3hma09YZms
ALL FILES ZIPPED:
https://drive.google.com/open?id=0BwzsbjMgrAwzTFJZby0xSTV6VmM

I think one of the biggest misconceptions about 5D3 ML Raw is that it is difficult to shoot with, but in reality, once everything is set up, it is the simplest camera to operate. And even though there are a few extra post steps, color work is pretty simple and straightforward as well. 

If only there was a second vertical guide!!!

Wolfcrow provides a workaround to get approximate guides for different aspect ratios.
http://wolfcrow.com/blog/how-to-get-frame-markers-or-guides-in-the-panasonic-gh5-no-tape-or-purchases/
Is there a reason why Panasonic doesn't provide this on their gh series? I have this on my iphone and rx100 iv.

The detail is pretty good in the 5D3, huh? I wasn't expecting it to hold up so well against the GH5's Cinema4K res although I can't really see myself shooting in 2.67:1 on the 5D just to eke out the last few pixels of resolution.
For me the biggest giveaway between the two is the difference in lens contrast and flaring, rather than the usual concerns with resolution, dynamic range or colour. (Although, the GH5 has more usable dynamic range - at the same exposure there seems to me to be 0.66 stops more info in the highlights and 0.66 in the shadows.) And of course the preview on the GH5 is real time!

5D RAW upscaled to 4K
 
5D RAW upscaled to 4K + a few XC10 4k shots and Blackmagic pocket cinema camera shots on the bus, and car dialogue scene.

The reason there is so much amazing footage and shitty footage from the GH5 is because it is an amazing but cheap camera.
 
Thus you have both skilled and total n00bs using it! Remember it is not all about the camera, but the hands using it.

I absolutely agree with you.
They would have to clean their house.
dvxuser, for example, is a shadow of old times.
It is a problem of their business, their reps, etc.
Not of their development department or engineering.
It is a pity : (
Maybe they'll hire me (who knows? :-D) and their trouble will tend to solve but never by their own as they seem to think.
It requires expertise, strategy and hard work. They simply don't look like to feel like.

Yeah but this bad press, deserved or not, about half ass AF is a REALLY big problem for them now. Even Panny fans are holding back, just think about people that are thinking about jumping ship, what they are thinking. This is Not a good thing for them, Panny.
If Sony comes out with some new, better mouse trap, A great A7III, well it might be game over if this new camera that is suppose to come out is a 7 grand or more, and the GH5 AF sort of never lives up to spec as well as we would want. And the Low light, DR bragging has not really come to true like they said. They have a nice camera here in the GH5, great has yet to be proven! I can tell you it is not on my radar. No way. 
I will hold out to see what Sony comes out with first if I am buying anything new. And these Firmware upgrades are more smoke and mirrors than real benefits. 400mbs All-I is well, not what I would want, not in a body the size of a GH5. I can think of a better codec than that. It starts with a R.

Well I guess there is a time to just embrace that this is 2017, not 1950. The Digital look is here to stay like it or not. 4k is in, 720 is out. I think as a hobbyist I would love to keep the film look alive. But like I said, if I am trying to make a buck, put food on the table, I don't think a lot of cameras we associate with the Filmic look is going to cut it when you have to take any job that comes up.
It has to be a later Sony, later Panasonic, later Canon C series, and yes even a GH4, and it seems the GH5 Has to be in the mix as they say. There is no going back. For fun a BMPCC, 5D mkIII, for money making a Sony A7 mkII, Panny GH5. Bigger money stuff, Canon C series, Sony FS5 middle ground price. Canon C100, C300 probably the best overall for a balance between Film look, Digital look I think hands down. The Sony's, well the low light of them damn hard to turn down, but the worse looking Digital look to me. I think Panny is in the middle. And overall price wise, I think, very hard to beat.
For kind of serious modeling stuff, indie, short films the BM Ursa cameras Have to be in there. Price wise it has to be considered. Sony FS5 also. I like the Usra maybe better overall. But not as mature as the Sony Products. So that tips it in Sony's favor a bit. But showing up with a Sony will get you more jobs than the BM sad to say.
Now I am talking about making a living here, not for a hobby, fun. Hobby, well BM products, the lower end ones, 5D mkIII way up there now with ML.
Just my rambling thoughts about the industry as a whole if I had to do it all over again. Food for thought, and debate as they say.
A add on here. I think Panasonic, what ever this New camera they are talking about NEEDS this damn camera. It has to be under 6k, maybe even less. They have a Big ass gap in their products. It has to be filled for anyone to take them serious. To be able to move up from a GH5. People are not going from a GH5 to a Varicam LT. Get a grip!! They are sucking hind tit for not having a AF100 product like in the past in their lineup. The CEO of Panasonic needs his ass kicked for ever letting this happen. I mean it! Stupid, just plain damn stupid. Sony has handed their Ass to them because of it with the FS5, Canon with the C100, BM with the Ursa 4.6. Hell even the JVC LS300.
And no the Panasonic AG-DVX200 does not count. It has been a total flop for them. Lots of early problems with it. It ruined its potential even if they get all the bugs worked out. They threw it out the door too quick! It would be hard for me to buy one, even used. It is more of a ENG style camera anyways.

Aputure COB 300d Comparable to 2k tungsten on a single source led. It's just a little longer than the 120d and takes two batteries. They said probably under a grand.
Aputure Mini 20c - Bicolor Portable LED Light

New indestructible Amaran Tri8 LED panel for around $400-$500. So many great led options coming out.

I just want varicam colors with a s35 sensor, e var nd, and some kind of raw out for ~5 grand. Could care less about af, ibis, or higher 4k slo-mo options.

I adjusted the contrast with the curves for both GH5 versions and I warmed up the Kholi. It should be easy to tell them apart. Kholi's version is not bad but it looks too flat for my taste. I don't know @Hanriverprod, I think I still stand by my previous assessment that the original grade looks better and closer to the BM which should be the target when matching cameras. Maybe a better grade than mine can help, but then whats the point of using the LUT in the first place 

I was thinking that but when I saw them full screen I saw that the Kholi lut did preserve some color in her skin. I think maybe you just need to boost it up a little. The original is too harsh full res, full screen.

Some new Kinefinity Terra footage shot in RAW. Call me a believer.
 

Yeah I agree, I would not push this "out the door" as they say. But it a LOT better of a starting place than the original one. I like the upgrade on it. It is not a mile off like the first one.
But I was thinking earlier that his sort of look maybe more of the future look than you and I, we, might like. With 4k, 6k, 8k, out, well I just don't see the old school film look even being able to Be duplicated, hell maybe even desired by the younger crowd. We may be becoming a Dinosaur. A lot of young people may not know what a film look even is, or care. You have to remember a lot of them grew up as gamers, total Smartphone users! They really don't care about buttery smoothness, 24fps, they want 60fps or more, no choppy stuff, crystal clear clean output.
I live in a small College town of 12,000 people with a College that has 28,000 students. Miami of Ohio. I ate out tonight at a Sports Bar in Oxford, Ohio where I live, and where the College is. They had 22 42" TV's, all of them 4k, and they had like a 22" TV, maybe 19", I sat at the bar with my wife, they had a Good looking, young female Bartender , at Every booth,  and you could choose what YOU wanted to look at! Everyone of them seemed like they were on a smartphone, Apple Laptop yikes!, iPad etc. You think they give a crap about a Film look?? I Really doubt it. Our Goose is cooked down the road like it or not.

Yeah it does.
Kholi is creating a LUT for V Log. Here is the pre release version on this clip:

Wow, now we are talking! That is very nice. That has some damn good potential! Sweet. I knew there Had to be a lot more to this upgrade, than has been shown at times.
That is getting up there with the big boys!

It does. 2K DCI, and 2K 16:9 full sensor.
Yeah I forgot to post that here, but the raw camera files:
GH5 (converted to ProRes):  https://www.dropbox.com/s/e3bgfvsxzflhe7c/GH5_10bit.mov?dl=0
UM46K: https://www.dropbox.com/s/0ojbccq0eliskkm/A002_02252030_C023.mov?dl=0

Here are some 1080 JPEGS from a music video that I shot with the GH5 + SLR Magic anamorphic primes.
 

It is not a knock off, unless you regard everything that is vaguely square and  boxy shape that shoots greater than HD raw to be a "RED knock off", in which case the BMCC is a RED knock off too! ha

And it certainly is *NOT* "nearly RED prices", a kitted out Kinefinity Terra would cost way less than an equivalent new RED.
Not necessarily true now you can pick them up for sub $15K
Daaaaaaamn! That does seem amazing for the price. 

Dracast is releasing these bi-color 1x1 v-mount flexible leds cri and tlci of 95 for $199 and a set of three for $499. Exciting lighting options for budget filmmakers coming out of nab this year. Great times for doc and indie shooters.