Since I don't have a BMCC anymore, I've been doing some testing with the 5D to obtain the most flat but ultimately most useful image from the 5D Mark III.
While it's crippled video resolution has nothing on the detail present in BMCC files (everything to do with Canon's video process softening the image, not the sensor or OLPF), you can still wrangle some more dynamic range out of the footage.
I tested the D+ highlights recovery option on the camera in video mode. Basically it shoots at a minimum of ISO 200 and tails off the highlights from the raw data, quite noticeably I might add. Here's two frames showing just how visible the difference is, without affecting much in the shadows (as indicated by the overlaid histogram).
The profile I'm using is Standard on 1 Sharpness, -4 Contrast, -4 Saturation.
First, the frames. You can clearly see it has thankfully saved the blown details in the clouds and on the house.
D+ OFF - ISO 200 - F/6.3
D+ ON - ISO 200 - F/6.3
Histogram. Notice the amount of highlight retention without affecting much of the detail under 75%.
Shadows are cool. Blown highlights suck. This has the impact pulling highlights under clipping which is fantastic.
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