Thank. I think now I'm even more confused, though. I made some kind of "troubleshooting" where I switched the Color Management ON / OFF and Footage / Secuence Interpretation to 709. These are the results. In the file name you can see the configuration I used.
As you can see, skin looks way "better" with the Color Management On, BUT the Footage in HLG 2100 and Secuence to HLG 2100.
When I turn Management ON, and Interpret the Footage to Rec709 plus the secuence in Rec709, it all gets a little green / dark.
So I guess my question here is, what are we exactly trying to achieve with all this conversions and stuff?
THANK A LOT BTW.
The Rec.2100 and Rec.709/sRGB color spaces are very, very different. Including the 'shapes' of them are not the same, so transforming from one to the other is not always visually 'equal'.
You have clips that are HLG, using the Rec.2100 color space. Those clips can be used in either an HLG workflow, which is an HDR form. Or a Rec.709 workflow, after using color management controls to perform a transform from the larger Rec.2100 color space to the smaller Rec.709/sRGB color space.
Anytime you perform a transform, there may be 'shifts' that need to be corrected for best visual appearance. The transforms are designed to get the most data into the different 'space' and volume in both the most accurate and the safest way, without clipping, crushing, or 'blockin' values. Not to be "pretty".
So yes, when working these clips in a color managed workflow in Rec.709, you will need to do slightly different color corrections than you would in an HLG/HDR sequence and export.
Color space conversions and transforms are an immense part of a pro colorist's job. And also, a massive part of any discussions between colorists as ... they are complex and confusing and have MASSIVE effect on any project one works on.
So yes, it can be very confusing. But ... the goal is always to be as accurate in displaying the pixels as possible.
So on your system, use the Display Color Management preference option for everything. That will get you the most consistent and most accruate view of your media.
Neil