I tried out this setting and got a lot of posterization in the highs. At the time I noticed it on the LCD but let it slide as we were just shooting rehearsal. During transcode later I really saw how strong it was but by then it was too late to go back and test with smooth mode.
Is it just me or do you see this too?
I didn't notice that at all. I transcoded to ProRes 422 HQ using L&T in FCP7 and then reverse telecined using Compressor. Shot 1080. Everything was nicely exposed. Shot away from the sun. Looked great!