Graeme Nattress
RED Problem Solver
No, it's not. The ISO setting and the FLUT control are exactly the same except in terms of scaling. The Exposure control is a different control that does not use the FLUT math and is, I believe, downstream of the FLUT based controls.
No, it's not downstream. It's in the same place as ISO and FLUT in the order of ops. However, it's pure gain, should you need it, calibrated in EV.
Graeme