Multiselect Sony MXF clips source settings only change the clip which you right click.
When you select multiple Sony MXF clips and change the source setting to S-log from rec 709 only the clip which you right click will change its source settings, all the other will stay at rec 709, seems like a bug to me.

2 comments
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Andrew Jones commented
Just tried with Adobe Support, as it stands they can offer no solution and had no information on when this is coming as an update. It's fine, I didn't have any plans this evening anyway *right clicks 300 clips individually whilst crying into the keyboard*
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Sergio Miranda commented
YES same here - not sure why but Sony MXF keeps reverting back to Rec709 in Media Encoder no matter if I disable master effect and change source setting in Premiere pro