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Denoiser III issue in Premier Pro CC
I have been working on a feature film color grading it in Premier Pro cc using its color lumetri feature. The footage is 4K and it is filmed with RED Scarlet camera. A good amount of the footage has the noise problem. I have used denoiser III to address the issue, but have run into many other issues such as picture noise and noise artifacts. It generates horizontal blue and/or orange lines every few frames. In some cases, it creates small and big white squares. Also, it takes 3-4 days to render a 2-hour sequence.
I have tried different orders for the applied effects (i. e., denoiser first in the hierarchy then followed by the lumetri color and other effects). In a separate sequence, I applied the denoiser III to an adjustment layer and placed on top of the footage. The problem still continues to exist. When exporting the sequence, I have used various codec options (Apple Proress 4444, 422HQ, 422, 422LT, Gocine Pro, H.264, DNxHD) in .mov and mp4 formats. I also have tried the Rewrap and Use Sequence Settings options in the export settings window. Nothing has worked so far.
I appreciate any suggestions and advice. Here are my computer and software specs.
Software:
Adobe Premiere Pro cc 2017/2018 (I have tried both versions)
Denoiser IIIComputer: Mac Pro (Late 2013)
Processor: 2.7 GHz 12-Core Intel Xeon E5
RAM: 64GB 1866 MGz DDR3
Graphics: AMD FirePro D700 6144 MBSalimi