Steve,
Welcome to the monkeyhouse. I don't know if you've had the opportunity to open Apple COLOR and examine its internal "LUT builder", but it does exist, and essentially generates a grade that can be stored and applied as a re-mapping filter, sitting just outside the active correction "rooms". It is supposed to be of the mga form, but externally generated mga's themselves are incompatible with COLOR. I found that out first-hand on a Genesis project.
Most of the LUT inquiries on this, and most of the pro-sumer forums, are directed at presentation/display LUTs, intended to lift inexpensive computer monitors into "calibration class" grading stations. There have not been many calibration LUT inquiries, as filmout would be virtually unknown at this level.
I'd be interested in knowing if you have spent any time investigating the LUT capabilities of the AJA Kona3 I/O card. It has a couple of preset cubes, but as far as I can tell, they aren't relative to anything.
As far as re-mapping source values to output values.... I've always carried an internal model that every correction, every grade, is a sort of "temporary" Look-Up Table -- so when a project has been treated, a list of dozens, or hundreds, of "LUTs" exist for the content -- that manages it into its own personal space. Then we need to move the "whole house" into whatever the real presentation medium space might be. DLP projection, Cinema projection, Internet, SD Broadcast, HD, what have you.
Thanks for dropping by and hope to hear more from you.
Quick little proofreading thing....
check: "to be really accurate you'll need to be generation a Calibration LUT on at least a daily basis..." I think that should really read "generat
ing..."
jPo