Wed May 12, 2021 1:19 am
Panasonic does make "artistic" LUTs, but what leads you to believe the Resolve LUT is one of them? Panasonic itself names them ("Aggressive", etc.), which isn't present in the Resolve version, and it makes this distinction:
A Conversion LUT translates the flat V-Log material to a more restricted, yet contrasty, Dynamic Range and shifts the color space to match the monitor, bringing both parameters to a technical standard for viewing such as Rec. 709. These conversion LUTs provide a neutral matching of the signal to the monitor, so they can be considered technical LUTs.
Why would Resolve be using an arbitrary artistic LUT? EDIT: per your quote above, added later, "suitable for preview on a monitor" doesn't mean it's not a technical LUT.
In any event, as I pointed out, the same can be observed with the BMPCC 4K normalizing LUTs versus color management. And why would an "artistic" LUT retain the middle-gray value?