The Settings tab contains a number of parameters that can be set for the clips in your RED decoding session. These are divided under the Format and the Color tabs. The settings under these tabs are the staging area for the RED settings, and are not applied until you click the Apply button.
WiretapCentral reads the format and color metadata in the clip, as set in the camera, and populates the parameters as appropriate. You can additively load presets, or change the settings manually.
Settings that are not changed are greyed out. Clicking one will activate all in the group. Settings that are not enabled will not be applied.
The effects of the settings are displayed on the selected clip, in the Preview panel.
The format and color metadata are loaded in the Format and Color tabs.
Use Restore Camera Settings to restore the original camera settings.