The Micro Cinema Camera will not respond to any of the painting or shading adjustments via the ATEM interface. These commands are sent over the SDI outputs from the ATEM and are received by the camera over its SDI input. But the Micro Cinema Camera of course has no SDI input.
The Micro Cinema Camera also has a fairly flat (low contrast) image by default, which is useful for cinema productions which will have lots of post-processing, color grading, and editing of the recorded video. A flat color profile can give more flexibility in tweaking the image in post.
However, in a live broadcast (without the benefit of post processing), this low contrast look may be less desirable.