Does enabling the LUT when shooting in FS700 RAW Slog 2 apply the LUT only to the monitor output screen or does it permanently apply it to the recorded file? I noticed that shooting in SLOG 2 the monitor image looks really washed out with half of the colors saturation gone on the monitor, but enabling the LUT give it 70-80% of the color back to the monitor image.

As a heads up, C.D. has confirmed that the LUT does not apply to the recorded file, only to the visual element of the monitor.