Thanks to ML I can get footage at 2.5K in 12-bit RAW, or pseudo-4K in an anamorphic format. If you're a film student in a small budget, the amazing work from the people behind the project it's a gift from heaven, as the quality it's almost film-like (ready for regular LUTs).
Basically you can have RED or BlackMagic Camera color and HDR kinda-quality with a small budget... and a lot or patience and free time.
Still tho... I would not use ML RAW for a client in production projects (like a wedding or commercial), as most builds are in a "Always-Beta" state, with a lot a bugs and slow editing workflow for a professional setting. So in those cases, I would recommend record in old h264 in a flat profile, and use all other ML features like zebras, and live histogram.
Kudos for the ML Devs, who against all logic, are giving ton of work for the indie film community.