After some unproductive back and forth with Corel Support, I am now being told we should only use LUTs purchased from Corel as third-party LUTs may be "unstable." This, of course,is absolute nonsense and contrary to what is stated on the
Corel website:
VideoStudio supports third party LUTs, so you should be able to easily import and apply your manufacturer’s LUT profile to your project.
Lookup Tables (LUTS) are, by nature, neither stable nor unstable. They are simply ASCII files containing an array (or table) of numbers in a
standardized format that transform color input values to the desired output values. Bad values in any table will simply produce bad results—nothing more.
I realize that the fact that VideoStudio sometimes glitches and deletes the LUT catalog upon closing is a niche issue affecting only a tiny percentage of users, but I would have preferred Corel to say they are unable to reproduce the error or aren't willing to invest the time to fix it rather than invent absurd excuses like this.
Fortunately, I've found a way to make my LUTs more "stable" for now by the setting the "LUT.profile" file as read-only.
Hat tip to Trevor (@lata) for the assist.