You do have that choice, but at least the way Redcine X is currently set up, to do that quickly means either all or nothing. In other words, you have to select which parts of the metadata you standardize and which you keep from the camera settings, on a per shot basis as far as I know. One way around this is to generate EXR files using ACES (it's in the EXR setup dialog), which ignores all metadata other than exposure and white balance (color temperature and tint), which are the two camera settings you usually want to keep anyway. It might not be a bad idea to allow export settings that allow you to select which metadata to keep and which to reset to a default value regardless of the export file format. That would be the best of both worlds.
It's very easy in RCX to set which metadata you want to keep and which to set to whatever you want.
Just create a preset with what you want to be your baseline settings and use the "look setup" option in the preset
window to paste only the those settings to any or all clips.
Edit: Graeme said the same thing... need to refresh browser more often