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Custom Color Management settings of Resolve Color Management, as updated in DaVinci Resolve 17
Single Setting vs. Dual Setting RCM
There are two ways you can set up RCM. When the “Use Separate Color Space and Gamma” checkbox is turned off, the Color Management panel of the Project Settings exposes one drop-down each for the Input, Timeline, and Output Color Space settings. Each setting lets you simultaneously transform the gamut and gamma, depending on which option you choose. This makes it a bit simpler to set up the transform you need.

Single setting Resolve Color Management
If you turn the “Use Separate Color Space and Gamma” checkbox on, then the Color Management panel changes so that the Input, Timeline, and Output Color Space settings each display two pop-ups. The first drop-down lets you explicitly set the gamut, while the second drop-down lets you explicitly set the gamma. This makes it easier to see exactly which pair of transforms is being used at each stage of RCM.

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