DSLR Workflow using Resolve as NLE

Quick background: relatively new to non-basic editing. My experience thus far has been editing and color grading in Premiere Elements. It's a good program for what it has, but I'm enjoying the features of Resolve and would like to improve my end product.
Goal: To formulate an efficient Workflow using Resolve for Color Grading and as dedicated NLE
I'm used to doing all post-production without transcoding H.264 (Canon T5i) so this is a bit new to me. Reading about wrappers, codecs, bit rates, ugh. I gain clarity until I read more, and then clouds roll in again.
Prior to implementation, I would appreciate input based on my intended workflow, derived wholly from reading a wide variety of posts.
Step 1) Transcode h.264 to DNxHD (PC)
Should I use 5DtoRGB or MPEG Streamclip?
Step 2) Edit Clips in Timeline
Step 3) Color Correct
Step 4) Encode back to h.264 within Resolve for delivery to Vimeo/Youtube
Will my footage lose clarity with this workflow?
If so, can you recommend a workflow that will create a better end result?
Goal: To formulate an efficient Workflow using Resolve for Color Grading and as dedicated NLE
I'm used to doing all post-production without transcoding H.264 (Canon T5i) so this is a bit new to me. Reading about wrappers, codecs, bit rates, ugh. I gain clarity until I read more, and then clouds roll in again.
Prior to implementation, I would appreciate input based on my intended workflow, derived wholly from reading a wide variety of posts.
Step 1) Transcode h.264 to DNxHD (PC)
Should I use 5DtoRGB or MPEG Streamclip?
Step 2) Edit Clips in Timeline
Step 3) Color Correct
Step 4) Encode back to h.264 within Resolve for delivery to Vimeo/Youtube
Will my footage lose clarity with this workflow?
If so, can you recommend a workflow that will create a better end result?