Does CinemaTools replace Magic Bullet 60i - 24P conversion?

Hello,
I've never used either of these apps, but I'm reading about the pros and cons of these formats. One book suggests that capturing in 60i, and having a tool like Magic Bullet on hand, gives a certain flexibility on the video-look/film-look question. Magic Bullet is, obviously, expensive and the conversion tool is available only as an After Effects plugin (from what I can tell). My initial reading of the current version of FCP is that CinemaTools can do this conversion. True?
Thanks!

Cinema Tools doesn't add a film look to 60i media, it merely rearranges 3:2 pulldown-cadenced 60i media into 24fps media.

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