The problem can be easily seen by eye, depending on the LUT in use.
The main problem is when looking at the HDlink output there is bad clipping in the blacks, and colour distortion - especially in the grey scale.
The black clipping happens when the LUT has a small 'toe' component (the grey scales ramp is not linear), but has no clipping actually within the LUT.
Use the 'BrightnessCal' image from the Calibration Images downloads to see the problem. It will be very obvious.
I don't use Resolve, so I guess it is possible that has the same problem? I've never tested...
Mob Boss at Light Illusion