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Depends on what you are shooting. I had an opportunity to test an FS7 with a BMPCC and S-log3 held up really well against the BMPCC. More dynamic range and less noise. Really surprised with the results as I was thinking 12 bits was going to blow away 10 bits internal XVAC-I. Also something to take into consideration is that it will take a little more to grade S-log3 than BM material.
I just seen a review where a guy says that comparing it to the RED Line, That the URSA has better dynamic range.
SO the Dynamic Range is better on the FS7? I just seen a review where a guy says that comparing it to the RED Line, That the URSA has better dynamic range.

Can the Ursa be used handheld ?
...I picked one up at a product demo with just the body and a V-mount battery mounted on the back, and it felts like I was lifting a boat-anchor. I can't imagine using the Ursa shoulder mounted or on a gimbal.
I was starting to watch some footage of the URSA with 80fps and 4k but what really struck me was the URSA Sensor could be upgraded in the future, So the URSA is future proof.
Hey man that "Phillip Bloom..." thing on your signature is really not something you want to advertise.