Thanks Paul,
I am shooting with the MOS files and failed to mention that I am using the back on a view camera, so there is no LCC data. This is why I am shooting the gray plate to calculate a custom LCC. This works fine when tethered but doesn't when I import from the CF Card.
Just saw your post Kevin,
If you want to use Capture One for LCC you need to set the back to shoot compressed (lossless)
cheers
yair