Lucius Snow wrote:To my knowledge encoding gamma for 2.4 setting in resolve is 1.96 and not 2.4.
That makes no sense no to me. Maybe someone at BMD would be able to confirm or not.
Very easy to prove. Export file with gamma set to Rec.709 and then with 2.4. Then change tag for 2.4 to 1-1-1 and it will look 100% same as Rec.709 one which means actual video data is the same

Now change 1-1-1 tag to 1-2-1 + 1.96 gamma and it will look 100% same as 1-1-1 meaning it's 1.96 behind 1-1-1 tag

It makes sense as BT.1886 spec was introduced for display stage. Original Rec.709 spec did not change, so in order to use BT.1886 you should use original encoding curve which is about 1.96 based.
Well- I also wish someone with actual knowledge explained it, but this is now starting all to make more sense than before.
As I said (quote from BT.1886 spec):
j) that Recommendation ITU-R BT.709, provides specifications for the opto-electronic transfer characteristics at the source, and a common electro-optical transfer function should be employed to display signals mastered to this format,
...
While the image capture process of Recommendation ITU-R BT.709 had an optical to electrical transfer function, there has never been an EOTF documented. This was due in part to the fact that display devices until recently were all CRT devices which had somewhat consistent characteristics device to device.
This Recommendation does NOT change any signal parameters defined in Recommendation ITU-R BT.709; legacy installations are not impacted.
So BT.1886 is new EOTF and should be used with original OETF form Rec.709 spec.
This is how I understand it. This means there is no such a thing like 2.4 encoding curve. I don't see Resolve 2.4 gamma preset applying actual 2.4 curve. It applies 1.96 curve as per Rec.709 original spec.