Final Cut Pro 10.4: LUT Workflow Improvements

I just learn worlds of information so quickly, thanks.

So if I use a Log Lut as the creative LUT, then I don’t need to use the camera LUT to convert the LOG footage at the beginning? What is the color space input for a log lut? Thanks

Can Final Cut Pro X use LUTs like mLUT so that I can adjust intensity of a LUT applied? It's very a useful feature for custom LUTs.

What is a output color space?

I think i still prefer the colorfinale plugin for lut management, but for those who can't purchase it, this is great!! Should we use canon log camera lut for cinestyle profile settings?

fast and helpfull thx

Do the render dots show up on clips when custom LUTS are applied? I ask because native LUTs applied in settings do not require rendering.