I'll begin by apologizing if I sound completely off, but here's what I understand.
Higher Mbps determines broadcast quality & how much pull & tug when it comes to color space, i.e, how much leeway you have as shown in your scopes.
Logs/Color profiles (neutral, S-Log, V-Logs, etc) are profiles that desaturate, desharpen and bring you contrast to rock button so you can bolster the levels yourself in post production.
So far so good? (Correct me if not)
So my question is:
Let's say I shoot a video with a S-Log 3 (Sony's flat profile) with 50 MBbs, and shoot regular on say, a GH4 but with a neutral profile (as opposed to Panasonic's V-log, for instance) however, this video is on a 100 MBbs.
Each of these videos will offer me more flexibility when it comes to color grading?
I realize that levels play a huge role in the hierarchy of color grading, but I just need to ask this question just to insure that I understand properly.