I agree, ACR is awesome but it takes forever to convert the cDNG files.
Resolve 11 has highlight recovery although I haven't used it too much.
The output of cDNG files from Resolve 11 Lite is as sharp as ACR. Resolve 10 wasn't quite as good. Resolve 11 uses the GPU to render to Cineform so it's very quick compared to ACR.
It's worth trying at least until Adobe fixes PP.
Until Adobe fixes PP, I use Resolve to do a first pass CC and then export to Cineform on a PC. You need a license for 4K Cineform.