“DaVinci Resolve Lite includes all the same high quality processing of the full DaVinci Resolve. However it limits projects to UHD resolutions or less, a single processing GPU and a single RED Rocket card.”
Some limits:
1) You can only work in 4K or lower resolution
2) Only process on a single GPU and a single Red Rocket Card
3) No Stereo 3D support
4) No noise reduction, power mastering, remote grading and sharing
Colorista is an amazing product from the prolific mad genius of rebel filmmaker, Stu Maschwitz. When it was released it was, quite simply, the three-way color corrector that Adobe forgot to build in After Effects. It had primary and secondary color grading tools, skin tools, masking tools and it lived right there in the plug-in window.
The app has matured into an amazingly powerful color finishing tool that lives in most NLEs and After Effects as a plug-in, it’s called Colorista II and it’s US$199.
Red Giant released a free version of the app called “Colorista Free” that has just the three way color correction tool and numeric inputs. But when you combine this with the built-in tracking masks in Adobe Premiere CC 2014, you get a really stable, powerful primary and secondary color correction tool for free.