Hi, wondering where you ended up and If I’m confused about a few things in this post.
Don’t both consolidate and transcode put have the lut in as a source setting? I originally got a XAVC shot project that got uprezzed to 175, and had them go back and consolidate, but even the 175 had the lut as a source setting. Seems the interplay issue is more w/ source setting that trans/consol, but I may be wrong. And I wouldn’t want to “bake in” any color before everything is totally finished, as the latitude of s-log is lost then, no?
Definitely set the render to the same setting as your consolidate/transcode, banding and other things started appearing when my render was originally set to 175.
For Mastering, I’d assume you would keep an internal master also at XAVC, and then create one to deliver specs.
Surprisingly, I tested mixing down to even 35 and much of the banding didn’t reappear, even though original color safe renders at 175 did yield issues.
Hope this helped, but may have just confused things more.