try to get a commercial full version of the davinci resolve, if you can. in full version it will allow export in h265
Yes, the Studio version of Resolve is well worth the $300.
I export and deliver in .mp4 h.264 as many/most people don't have a computer that can handle h.265 well.
...you processed DLOG result looks more blurred than an original one.
Hopefully you can see how well the Normal HQ and Dlog HQ clips are shot matched, so no problems with grading here.
No blurring introduced in the grade, just the softness of Dlog as captured by DJI M2P
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