How to Change Project from HDR to SDR?
I want to edit a video shot in HLG in rec.709 for SDR delivery. I create a library, event and project and import my clips. I select the project and hit Control, Command, J and choose Standard Gamut in the pop-up window. In the Inspector, the project shows up as rec.709. So far, so good. But... the clips in the browser and timeline still show up as rec.2020. And because the clips in the timeline are too bright, I go into effects and apply HDR Tools. But the clips are still far too bright. In previous versions of FCP, the app applied tone mapping so I could view clips normally (when converted to rec.709 the HLG clips would take on a milky greyish appearance, after which I applied a LUT). In v.10.4, the clips are blown out, their appearance doesn't change, and I get a warning saying I need to connect an HDR monitor. Isn't there a way to view and edit the clips in the timeline as rec.709 without the correctly exposed clips showing up as two stops overexposed? Why are they still showing up as 2020? Thanks!
iMac (Retina 5K, 27-inch, 2017), macOS High Sierra (10.13.2)