BMPCC4K_RAW_LUTS

I consider myself an educated photographer but a novice with video. I have the BMPCC4K & shoot, RAW Constant Quality, 5Q, UltraHD, 59.94fps most of the time. My bread & butter is high end real estate. I use Resolve Studio 17.
I'm struggling with the best basic and most efficient grading & color correction workflow.
1. in Project Settings CM should I use Davinci YRGB or YRGB Color Managed?
2. LUT or no LUT? LUTs seem to be destructive clipping highlights. I've tried LUT BMP4K to film to Extended Video V4 (& none Extended), at first glance they seem OK but then I can't recover the highlights, the histogram clipped across the top.
I'd appreciate some pointers on a reasonable basic workflow please.
I'm struggling with the best basic and most efficient grading & color correction workflow.
1. in Project Settings CM should I use Davinci YRGB or YRGB Color Managed?
2. LUT or no LUT? LUTs seem to be destructive clipping highlights. I've tried LUT BMP4K to film to Extended Video V4 (& none Extended), at first glance they seem OK but then I can't recover the highlights, the histogram clipped across the top.
I'd appreciate some pointers on a reasonable basic workflow please.