Trying to diagnose the issue here. Right now I am just not using the Atomos for anything more than a glorified monitor. This was shot on a Sony A7siii in XAVC S S-Log3 internally and recorded via HDMI to the Atomos Shogun Flame with no LUT applied to ProRes422.
I also tested this previously on my FS7 with both HDMI and SDI out and the Atomos footage underperformed the internally recorded XAVC-I. I figured it might just be that camera, but now that is happening with the A7siii i'm starting to think it's my NLE.
The first image is straight S-Log3 from both sources. The second image is with a LUT applied. As you can see the image is dark and there is much less detail in the blacks.
Any ideas?