DaVinci Resolve vs Magic Bullet Looks

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So basically for everything ,including my short film which i'll finish soon im using the inbuild features + magic bullet looks to color correct and color grade .


Somebody actually told me about DaVinci Resolve Lite (sorry if im wrong about the name ) and I saw couple of demos, it looked really nice,but as I see there is a version that is free and one which is 1000 dollars and they actually say that they are the same ,but it doesn't have 2k , 4k etc . SO I guess if you're using Red for instance you have to get the 1k version ,but for someone like me ,who is using DSLR is it a good choice ?And is it better than color grading with Magic Bullet Looks for instance ?

I know the question is kinda silly but I have never used DaVinci Resolve Lite before and I think if I can improve the color grading for my short somehow it would be awesome..

So is anyone using it and what do you think ?