Correct (Proper) Color Management Settings in Premiere Pro?

[BlueBomberTurbo]

Been getting back into video editing lately, and have been digging deep into optimizing my color grading, workflow, and output with the modern Premiere Pro.  What I've found is a myriad of settings that alter the way footage is initially displayed, and how it responds to editing.  I've found one group of settings that I like (Wide Gamut [Tone Mapped]), in terms of footage flexibility and starting point.  Thing is I (here we go) want to put out a set of LUTs for a specific purpose, but I'm not sure how they'll work across other people's preferred color settings.   Sure, I can include starting point settings with the LUTs, but if the settings aren't common, they can negatively disrupt workflows, which is the opposite of what LUTs are used for.  I know no LUTs I've purchased before have anything to say about NLE settings, only camera settings. 

So my question is, is there a proper, agreed upon, industry standard set of settings for Sequence Settings > Color Management in Premiere Pro?  I'm working with 709 output from Log input (8-bit 4:2"0 to 10-bit 4:2:2), and I want to make LUTs that will work universally, but everything reacts very differently depending on the Color Management settings.  The default Direct Rec. 709 (SDR) settings are pretty disastrous in terms of being waaaaay too contrasty and oversaturated with 709 LUTs, and difficult to correct into something pleasing.  Gives old school DV vibes (which might not be out of fashion today...).  OTOH, Wide Gamut (Tone Mapped) is extremely easy to work with, gives very smooth color and tone, and makes color work a breeze. 

What settings should I be aiming for in terms of LUT creation?