Hi Stephanie,
I’ve used Cinestyle on a number of occasions and one thing to be mindful of is the fact that it adds noise to the footage. If you use it, it becomes crucially important to use the native ISOs of your camera to reduce the addition of noise. You’ll notice that Cinestyle does add a bit of dynamic range to the camera, but I was able to get nearly the same results when comparing a color corrected Neutral profile clip and a corrected Cinestyle clip of the same subject.
In my experiences, the Cinestyle profile performs better in well lit situations. If there is ever an instance where you’ve slightly blown your highlights, then Cinestyle is great for pulling it back to a useable image. However in low light when using higher ISOs is the only option, you’re going to experience more noise and a negligible difference in, and maybe even worse, performance as compared to a Neutral profile.
Also, this profile is suited best for the 5D Mark 2 and 3 because they simply have better noise performance than the 7D and 60D.
I do like Cinestyle, but I only use it in well lit situations. In a situation where light is hard to come by, I use a Neutral color profile. With this combo, I end up with cleaner images after everything is corrected.
Hope this helps,
Tim