RED Raw color correction with "curves"

Hi there,

i was wondering, if, when i am color correcting RED Raw files with the effect "curves" (for example) am I working with the full dynamic range of the RAW footage?

Is the range different, if I work in the RAW-Ediotr that i reach through the "interpret footage" dialogue box?

We are trying optimize the workflow for a certain project and would rather use effects on the footage layers, rather than interpret them (yeah, we´re really lazy).

Thanks a mill,

Björn