That's correct Dennis. Also, in CineEI mode you can only shoot at ISO2000 no matter what EI you set. It's something lots of people are misunderstanding; EI is NOT the same as ISO. Related, but NOT the same. For example, raising EI to 4000 because it's a little dark is not the same as changing the ISO to 4000. It's somewhat counter intuitive; ISO affects the whole recording and EI just moves the mid data point.
So my other question is, is raising the ISO in Custom which raises the gain it in camera, basically the same thing as setting EI to 4000 and having the gain raised in post? Do you get the same amount of noise if Noise Reduction is turned off?
Is raising the ISO in camera, basically something you could do in post and get the same results? But for convenience, the camera just does it for you so you can skip the post step?
I'm eager to test this stuff, but stuck on a post job for a few days.
Also to what Dennis said. I definitely feel that CineEI has a certain magic that is missing in Custom, and now I know that it's because of the SGamut3Cine.