In addition to the ones posted above: Scattered further down in the Q&A, there are two answers that together, are rather enlightening:
Will there be a crop function in 4K/UHD to Super 16 size so we can use our C-Mount lenses??
You will see vignetting when recording larger than HD but in HD recording, the zoomed HD crop will cover for all standard frame rates 23.98-60fps and 120fps
When shooting in slower 1080p rates, can the camera downsample from 4k internally and without line skipping?
Yes. In HD, you can downsample from 4K internally without line skipping. This is similar to the URSA Mini Pros.
So there is a separate, internally scaled = around 4/3" image area 1920x1080 mode (23.98-60 fps), and then a zoomed, around 1/1.5" 1920x1080 mode (with 120 fps additionally). So unlike the fear being voiced on several web sites, you are not being forced into the 1/1.5" image area with 1920x1080 at lower or equal 60 fps.