Well, maybe we do not know enough. Maybe it is an Adobe issue, maybe not. At leat I can confirm that I do no see the issue with 10bit ProRes from the Shogun in Vegas with 32bit project settings. Other user have confirmed that they do not see it with Resolve. Also Barry seem to have no idea what is going wrong here. We simply do not know yet.
But since it works with the Shogun I wonder if we can state really that it is unacceptable. Maybe for the internal 8bit recording only?
I have some understanding why they have not developed a brand new vlog-GH4 - even if I would have liked to see that too, instead of cutting the luma at IRE79. But what I see here with my Shogun is that one can work with it - BUT for sure it makes more sense to record to 10bit or even higher, given the reduced luma range.
I am not sure if I like the idea to use CinelikeD instead v-log l. Not after the noise that I have seen here in lowlight situations. With enough light that is no issue at all.
We can most certainly state that it is unacceptable! If it only produces good results in 10 bit recordings then they should have said so in big fat bold print right next to the add to cart button!